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$203,605$203,605$342,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$138,395$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%5.625%7.640%
1st payment$1,009.49$1,009.49$2,367.94
2nd payment$0.00$922.63$0.00
Taxes / mo$679.92$679.92$679.92
Insurance / mo$150.00$150.00$150.00
MI / mo$166.18$166.18$68.40
HOA / mo$7.00$7.00$7.00
Total monthly$2,012.59$2,935.23$3,273.26
Cash to close$176,395$38,000$38,000