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$207,766$207,766$354,600
Remaining term (yrs)23.023.030.0
Secondary amount$0$146,834$0
Funding fee$0$0$0
Note rate3.610%3.610%7.320%
Blended rate4.460%5.926%7.560%
1st payment$1,104.00$1,104.00$2,435.86
2nd payment$0.00$978.89$0.00
Taxes / mo$548.05$548.05$548.05
Insurance / mo$150.00$150.00$150.00
MI / mo$171.79$171.79$70.92
HOA / mo$8.25$8.25$8.25
Total monthly$1,982.09$2,960.98$3,213.08
Cash to close$186,234$39,400$39,400