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$193,723$193,723$333,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$139,277$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%5.935%7.560%
1st payment$1,136.74$1,136.74$2,287.48
2nd payment$0.00$928.51$0.00
Taxes / mo$649.75$649.75$649.75
Insurance / mo$150.00$150.00$150.00
MI / mo$177.10$177.10$66.60
HOA / mo$91.67$91.67$91.67
Total monthly$2,205.26$3,133.77$3,245.50
Cash to close$176,277$37,000$37,000