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$204,770$204,770$265,491
Remaining term (yrs)23.823.830.0
Secondary amount$0$60,721$0
Funding fee$0$0$0
Note rate3.230%3.230%7.320%
Blended rate4.080%5.205%7.560%
1st payment$1,025.12$1,025.12$1,823.74
2nd payment$0.00$455.41$0.00
Taxes / mo$246.72$246.72$246.72
Insurance / mo$150.00$150.00$150.00
MI / mo$167.27$167.27$53.10
HOA / mo$80.00$80.00$80.00
Total monthly$1,669.11$2,124.51$2,353.56
Cash to close$90,220$29,499$29,499