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$195,308$195,308$332,910
Remaining term (yrs)20.120.130.0
Secondary amount$0$137,602$0
Funding fee$0$0$0
Note rate3.520%3.520%7.400%
Blended rate4.370%5.870%7.640%
1st payment$1,125.06$1,125.06$2,305.00
2nd payment$0.00$917.35$0.00
Taxes / mo$525.92$525.92$525.92
Insurance / mo$150.00$150.00$150.00
MI / mo$177.03$177.03$66.58
HOA / mo$285.00$285.00$285.00
Total monthly$2,263.01$3,180.36$3,332.50
Cash to close$174,592$36,990$36,990