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$197,009$197,009$288,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$90,991$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%5.860%7.640%
1st payment$1,041.61$1,041.61$1,994.05
2nd payment$0.00$682.43$0.00
Taxes / mo$602.33$602.33$602.33
Insurance / mo$150.00$150.00$150.00
MI / mo$163.09$163.09$57.60
HOA / mo$54.00$54.00$54.00
Total monthly$2,011.03$2,693.46$2,857.99
Cash to close$122,991$32,000$32,000