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$197,547$197,547$256,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$58,953$0
Funding fee$0$0$0
Note rate3.560%3.560%7.320%
Blended rate4.410%5.465%7.560%
1st payment$983.24$983.24$1,761.98
2nd payment$0.00$442.15$0.00
Taxes / mo$304.17$304.17$304.17
Insurance / mo$150.00$150.00$150.00
MI / mo$153.95$153.95$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,591.35$2,033.50$2,267.44
Cash to close$87,453$28,500$28,500