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$206,388$206,388$323,100
Remaining term (yrs)20.920.930.0
Secondary amount$0$116,712$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%5.847%7.640%
1st payment$1,184.77$1,184.77$2,237.08
2nd payment$0.00$778.08$0.00
Taxes / mo$283.93$283.93$283.93
Insurance / mo$150.00$150.00$150.00
MI / mo$180.55$180.55$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,799.24$2,577.32$2,735.62
Cash to close$152,612$35,900$35,900