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$196,370$196,370$256,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$60,130$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%5.149%7.640%
1st payment$935.32$935.32$1,775.95
2nd payment$0.00$450.97$0.00
Taxes / mo$283.25$283.25$283.25
Insurance / mo$150.00$150.00$150.00
MI / mo$154.76$154.76$51.30
HOA / mo$83.00$83.00$83.00
Total monthly$1,606.32$2,057.30$2,343.50
Cash to close$88,630$28,500$28,500