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$191,075$191,075$395,100
Remaining term (yrs)23.323.330.0
Secondary amount$0$204,025$0
Funding fee$0$0$0
Note rate3.730%3.730%7.320%
Blended rate4.580%6.217%7.560%
1st payment$1,020.63$1,020.63$2,714.06
2nd payment$0.00$1,317.66$0.00
Taxes / mo$348.17$348.17$348.17
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,675.28$2,992.94$3,291.25
Cash to close$247,925$43,900$43,900