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$203,131$203,131$242,550
Remaining term (yrs)25.425.430.0
Secondary amount$0$39,419$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%4.729%7.560%
1st payment$953.85$953.85$1,666.15
2nd payment$0.00$295.64$0.00
Taxes / mo$464.33$464.33$464.33
Insurance / mo$150.00$150.00$150.00
MI / mo$159.23$159.23$48.51
HOA / mo$0.00$0.00$0.00
Total monthly$1,727.42$2,023.05$2,328.99
Cash to close$66,369$26,950$26,950