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$212,732$212,732$304,200
Remaining term (yrs)23.423.430.0
Secondary amount$0$91,468$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%5.902%7.640%
1st payment$1,132.64$1,132.64$2,106.22
2nd payment$0.00$686.01$0.00
Taxes / mo$123.25$123.25$123.25
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$60.84
HOA / mo$91.00$91.00$91.00
Total monthly$1,670.77$2,356.78$2,531.31
Cash to close$125,268$33,800$33,800