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$204,040$204,040$301,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$97,460$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%5.562%7.560%
1st payment$968.61$968.61$2,071.10
2nd payment$0.00$730.95$0.00
Taxes / mo$79.83$79.83$79.83
Insurance / mo$150.00$150.00$150.00
MI / mo$161.29$161.29$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,359.73$2,090.68$2,361.23
Cash to close$130,960$33,500$33,500