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$191,692$191,692$249,210
Remaining term (yrs)24.824.830.0
Secondary amount$0$57,518$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.054%7.560%
1st payment$913.06$913.06$1,711.90
2nd payment$0.00$431.39$0.00
Taxes / mo$165.50$165.50$165.50
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$49.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,381.57$1,812.96$2,077.24
Cash to close$85,208$27,690$27,690