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$206,987$206,987$296,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$89,113$0
Funding fee$0$0$0
Note rate3.700%3.700%7.320%
Blended rate4.550%5.889%7.560%
1st payment$1,107.27$1,107.27$2,034.00
2nd payment$0.00$668.35$0.00
Taxes / mo$274.17$274.17$274.17
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$59.22
HOA / mo$15.00$15.00$15.00
Total monthly$1,716.83$2,385.18$2,532.39
Cash to close$122,013$32,900$32,900