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$206,491$206,491$287,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$81,419$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%5.342%7.560%
1st payment$995.72$995.72$1,977.74
2nd payment$0.00$610.65$0.00
Taxes / mo$172.33$172.33$172.33
Insurance / mo$150.00$150.00$150.00
MI / mo$166.23$166.23$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,484.28$2,094.93$2,357.66
Cash to close$113,409$31,990$31,990