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$201,344$201,344$283,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$82,156$0
Funding fee$0$0$0
Note rate3.660%3.660%7.320%
Blended rate4.510%5.811%7.560%
1st payment$1,070.35$1,070.35$1,947.45
2nd payment$0.00$616.17$0.00
Taxes / mo$479.50$479.50$479.50
Insurance / mo$150.00$150.00$150.00
MI / mo$165.53$165.53$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,865.38$2,481.55$2,633.65
Cash to close$113,656$31,500$31,500