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$204,270$204,270$224,955
Remaining term (yrs)25.325.330.0
Secondary amount$0$33,183$0
Funding fee$0$0$0
Note rate3.110%3.110%7.320%
Blended rate3.960%5.066%7.560%
1st payment$969.77$969.77$1,545.28
2nd payment$0.00$328.37$0.00
Taxes / mo$611.33$611.33$611.33
Insurance / mo$150.00$150.00$150.00
MI / mo$160.66$160.66$44.99
HOA / mo$0.00$0.00$0.00
Total monthly$1,891.77$2,220.14$2,351.61
Cash to close$45,680$12,498$24,995