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$208,262$208,262$287,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$78,838$0
Funding fee$0$0$0
Note rate3.170%3.170%7.400%
Blended rate4.020%5.388%7.640%
1st payment$1,015.04$1,015.04$1,987.82
2nd payment$0.00$591.29$0.00
Taxes / mo$379.92$379.92$379.92
Insurance / mo$150.00$150.00$150.00
MI / mo$166.88$166.88$57.42
HOA / mo$19.00$19.00$19.00
Total monthly$1,730.84$2,322.13$2,594.16
Cash to close$110,738$31,900$31,900