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$202,197$202,197$274,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$72,303$0
Funding fee$0$0$0
Note rate3.760%3.760%7.320%
Blended rate4.610%5.766%7.560%
1st payment$1,024.39$1,024.39$1,885.62
2nd payment$0.00$542.27$0.00
Taxes / mo$254.17$254.17$254.17
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,585.04$2,127.32$2,344.69
Cash to close$102,803$30,500$30,500