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$210,940$210,940$346,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$135,560$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%5.948%7.640%
1st payment$1,137.45$1,137.45$2,399.10
2nd payment$0.00$903.74$0.00
Taxes / mo$471.92$471.92$471.92
Insurance / mo$150.00$150.00$150.00
MI / mo$173.33$173.33$69.30
HOA / mo$37.50$37.50$37.50
Total monthly$1,970.20$2,873.94$3,127.81
Cash to close$174,060$38,500$38,500