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$208,922$208,922$333,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$124,078$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.773%7.640%
1st payment$1,103.96$1,103.96$2,305.62
2nd payment$0.00$827.18$0.00
Taxes / mo$318.50$318.50$318.50
Insurance / mo$150.00$150.00$150.00
MI / mo$172.00$172.00$66.60
HOA / mo$85.00$85.00$85.00
Total monthly$1,829.45$2,656.64$2,925.72
Cash to close$161,078$37,000$37,000