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$208,109$208,109$229,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$34,141$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%5.531%7.640%
1st payment$1,099.12$1,099.12$1,589.01
2nd payment$0.00$337.86$0.00
Taxes / mo$186.00$186.00$186.00
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$45.90
HOA / mo$333.00$333.00$333.00
Total monthly$1,938.52$2,276.37$2,303.91
Cash to close$46,891$12,750$25,500