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$207,647$207,647$232,200
Remaining term (yrs)25.125.130.0
Secondary amount$0$37,453$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.136%7.640%
1st payment$985.73$985.73$1,607.71
2nd payment$0.00$370.62$0.00
Taxes / mo$283.50$283.50$283.50
Insurance / mo$150.00$150.00$150.00
MI / mo$164.14$164.14$46.44
HOA / mo$0.00$0.00$0.00
Total monthly$1,583.37$1,954.00$2,087.65
Cash to close$50,353$12,900$25,800