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$198,579$198,579$377,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$178,521$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%5.830%7.640%
1st payment$968.88$968.88$2,610.96
2nd payment$0.00$1,190.14$0.00
Taxes / mo$311.83$311.83$311.83
Insurance / mo$150.00$150.00$150.00
MI / mo$162.16$162.16$75.42
HOA / mo$93.00$93.00$93.00
Total monthly$1,685.87$2,876.02$3,241.22
Cash to close$220,421$41,900$41,900