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$186,704$186,704$269,999
Remaining term (yrs)22.922.930.0
Secondary amount$0$83,295$0
Funding fee$0$0$0
Note rate3.700%3.700%7.320%
Blended rate4.550%5.923%7.560%
1st payment$1,003.32$1,003.32$1,854.71
2nd payment$0.00$624.71$0.00
Taxes / mo$263.42$263.42$263.42
Insurance / mo$150.00$150.00$150.00
MI / mo$154.40$154.40$54.00
HOA / mo$25.33$25.33$25.33
Total monthly$1,596.47$2,221.18$2,347.45
Cash to close$113,295$30,000$30,000