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$198,037$198,037$256,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$58,463$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.093%7.640%
1st payment$942.18$942.18$1,775.95
2nd payment$0.00$438.48$0.00
Taxes / mo$115.25$115.25$115.25
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,363.92$1,802.40$2,092.50
Cash to close$86,963$28,500$28,500