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$198,969$198,969$269,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$70,941$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.204%7.640%
1st payment$958.69$958.69$1,868.80
2nd payment$0.00$532.06$0.00
Taxes / mo$171.67$171.67$171.67
Insurance / mo$150.00$150.00$150.00
MI / mo$161.07$161.07$53.98
HOA / mo$320.00$320.00$320.00
Total monthly$1,761.43$2,293.49$2,564.45
Cash to close$100,931$29,990$29,990