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$203,776$203,776$377,910
Remaining term (yrs)23.323.330.0
Secondary amount$0$174,134$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%6.107%7.560%
1st payment$1,076.24$1,076.24$2,595.98
2nd payment$0.00$1,160.89$0.00
Taxes / mo$355.67$355.67$355.67
Insurance / mo$150.00$150.00$150.00
MI / mo$166.85$166.85$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,748.75$2,909.65$3,177.23
Cash to close$216,124$41,990$41,990