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$212,503$212,503$341,100
Remaining term (yrs)23.223.230.0
Secondary amount$0$128,597$0
Funding fee$0$0$0
Note rate3.700%3.700%7.320%
Blended rate4.550%5.851%7.560%
1st payment$1,134.21$1,134.21$2,343.12
2nd payment$0.00$857.31$0.00
Taxes / mo$196.75$196.75$196.75
Insurance / mo$150.00$150.00$150.00
MI / mo$174.54$174.54$68.22
HOA / mo$20.00$20.00$20.00
Total monthly$1,675.51$2,532.82$2,778.09
Cash to close$166,497$37,900$37,900