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$195,461$195,461$269,010
Remaining term (yrs)25.325.330.0
Secondary amount$0$73,549$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%5.345%7.640%
1st payment$928.98$928.98$1,862.57
2nd payment$0.00$551.61$0.00
Taxes / mo$331.42$331.42$331.42
Insurance / mo$150.00$150.00$150.00
MI / mo$153.71$153.71$53.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,564.11$2,115.72$2,397.79
Cash to close$103,439$29,890$29,890