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$203,432$203,432$319,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$116,068$0
Funding fee$0$0$0
Note rate3.360%3.360%7.320%
Blended rate4.210%5.587%7.560%
1st payment$1,039.42$1,039.42$2,194.74
2nd payment$0.00$773.79$0.00
Taxes / mo$343.50$343.50$343.50
Insurance / mo$150.00$150.00$150.00
MI / mo$166.85$166.85$63.90
HOA / mo$80.00$80.00$80.00
Total monthly$1,779.77$2,553.56$2,832.14
Cash to close$151,568$35,500$35,500