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$205,399$205,399$337,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$132,101$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.931%7.640%
1st payment$1,111.80$1,111.80$2,336.78
2nd payment$0.00$880.67$0.00
Taxes / mo$325.00$325.00$325.00
Insurance / mo$150.00$150.00$150.00
MI / mo$170.05$170.05$67.50
HOA / mo$70.00$70.00$70.00
Total monthly$1,826.85$2,707.52$2,949.28
Cash to close$169,601$37,500$37,500