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$201,527$201,527$301,410
Remaining term (yrs)23.223.230.0
Secondary amount$0$99,883$0
Funding fee$0$0$0
Note rate3.700%3.700%7.320%
Blended rate4.550%6.025%7.560%
1st payment$1,075.63$1,075.63$2,070.48
2nd payment$0.00$749.12$0.00
Taxes / mo$479.50$479.50$479.50
Insurance / mo$150.00$150.00$150.00
MI / mo$165.53$165.53$60.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,870.66$2,619.78$2,760.26
Cash to close$133,373$33,490$33,490