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$208,320$208,320$382,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$174,180$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.789%7.640%
1st payment$1,006.61$1,006.61$2,648.35
2nd payment$0.00$1,161.20$0.00
Taxes / mo$136.42$136.42$136.42
Insurance / mo$150.00$150.00$150.00
MI / mo$163.75$163.75$76.50
HOA / mo$35.00$35.00$35.00
Total monthly$1,491.77$2,652.97$3,046.27
Cash to close$216,680$42,500$42,500