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$206,187$206,187$314,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$108,723$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%5.604%7.560%
1st payment$1,070.08$1,070.08$2,163.21
2nd payment$0.00$724.82$0.00
Taxes / mo$239.42$239.42$239.42
Insurance / mo$150.00$150.00$150.00
MI / mo$169.01$169.01$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,628.50$2,353.32$2,615.61
Cash to close$143,713$34,990$34,990