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$211,181$211,181$297,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$85,819$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.409%7.640%
1st payment$999.33$999.33$2,056.37
2nd payment$0.00$643.64$0.00
Taxes / mo$233.00$233.00$233.00
Insurance / mo$150.00$150.00$150.00
MI / mo$165.77$165.77$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,548.09$2,191.73$2,498.77
Cash to close$118,819$33,000$33,000