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$205,675$205,675$377,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$172,235$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%6.122%7.640%
1st payment$1,102.75$1,102.75$2,616.57
2nd payment$0.00$1,148.23$0.00
Taxes / mo$290.67$290.67$290.67
Insurance / mo$150.00$150.00$150.00
MI / mo$169.70$169.70$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,713.12$2,861.35$3,132.82
Cash to close$214,225$41,990$41,990