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$203,275$203,275$242,955
Remaining term (yrs)22.922.930.0
Secondary amount$0$39,680$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%5.193%7.560%
1st payment$1,081.55$1,081.55$1,668.93
2nd payment$0.00$297.60$0.00
Taxes / mo$528.25$528.25$528.25
Insurance / mo$150.00$150.00$150.00
MI / mo$168.50$168.50$48.59
HOA / mo$10.58$10.58$10.58
Total monthly$1,938.88$2,236.48$2,406.35
Cash to close$66,675$26,995$26,995