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$211,181$211,181$306,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$94,819$0
Funding fee$0$0$0
Note rate3.100%3.100%7.240%
Blended rate3.950%5.515%7.480%
1st payment$999.33$999.33$2,085.38
2nd payment$0.00$711.14$0.00
Taxes / mo$233.00$233.00$233.00
Insurance / mo$150.00$150.00$150.00
MI / mo$165.77$165.77$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,548.09$2,259.23$2,529.58
Cash to close$128,819$34,000$34,000