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$195,278$195,278$297,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$101,722$0
Funding fee$0$0$0
Note rate3.720%3.720%7.320%
Blended rate4.570%5.745%7.560%
1st payment$1,042.03$1,042.03$2,040.18
2nd payment$0.00$678.14$0.00
Taxes / mo$69.75$69.75$69.75
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$59.40
HOA / mo$62.00$62.00$62.00
Total monthly$1,483.75$2,161.89$2,381.33
Cash to close$134,722$33,000$33,000