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$205,484$205,484$292,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$87,016$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.445%7.640%
1st payment$975.49$975.49$2,025.21
2nd payment$0.00$652.62$0.00
Taxes / mo$189.08$189.08$189.08
Insurance / mo$150.00$150.00$150.00
MI / mo$162.02$162.02$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,476.59$2,129.21$2,422.79
Cash to close$119,516$32,500$32,500