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$196,281$196,281$300,149
Remaining term (yrs)25.125.130.0
Secondary amount$0$103,868$0
Funding fee$0$0$0
Note rate3.090%3.090%7.320%
Blended rate3.940%5.345%7.560%
1st payment$933.83$933.83$2,061.82
2nd payment$0.00$692.45$0.00
Taxes / mo$247.25$247.25$247.25
Insurance / mo$150.00$150.00$150.00
MI / mo$155.10$155.10$60.03
HOA / mo$0.00$0.00$0.00
Total monthly$1,486.18$2,178.63$2,519.10
Cash to close$137,218$33,350$33,350