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$28,896$28,896$225,000
Remaining term (yrs)15.415.430.0
Secondary amount$0$196,104$0
Funding fee$0$0$0
Note rate3.980%3.980%7.400%
Blended rate4.830%7.593%7.640%
1st payment$208.42$208.42$1,557.85
2nd payment$0.00$1,307.36$0.00
Taxes / mo$97.58$97.58$97.58
Insurance / mo$150.00$150.00$150.00
MI / mo$31.00$31.00$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$487.00$1,794.36$1,850.44
Cash to close$221,104$25,000$25,000