Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$206,205$206,205$234,810
Remaining term (yrs)25.225.230.0
Secondary amount$0$28,605$0
Funding fee$0$0$0
Note rate3.140%3.140%7.400%
Blended rate3.990%4.600%7.640%
1st payment$984.33$984.33$1,625.78
2nd payment$0.00$214.54$0.00
Taxes / mo$204.58$204.58$204.58
Insurance / mo$150.00$150.00$150.00
MI / mo$162.45$162.45$46.96
HOA / mo$288.00$288.00$288.00
Total monthly$1,789.36$2,003.90$2,315.32
Cash to close$54,695$26,090$26,090