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$206,575$206,575$310,410
Remaining term (yrs)23.123.130.0
Secondary amount$0$103,835$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%5.618%7.640%
1st payment$1,090.76$1,090.76$2,149.22
2nd payment$0.00$692.23$0.00
Taxes / mo$393.25$393.25$393.25
Insurance / mo$150.00$150.00$150.00
MI / mo$170.57$170.57$62.08
HOA / mo$39.67$39.67$39.67
Total monthly$1,844.25$2,536.48$2,794.22
Cash to close$138,325$34,490$34,490