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$195,287$195,287$269,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$73,813$0
Funding fee$0$0$0
Note rate3.170%3.170%7.400%
Blended rate4.020%5.386%7.640%
1st payment$951.80$951.80$1,863.19
2nd payment$0.00$553.60$0.00
Taxes / mo$368.00$368.00$368.00
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,626.29$2,179.89$2,435.01
Cash to close$103,713$29,900$29,900