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$201,060$201,060$283,410
Remaining term (yrs)23.223.230.0
Secondary amount$0$82,350$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.772%7.640%
1st payment$1,062.41$1,062.41$1,962.27
2nd payment$0.00$617.63$0.00
Taxes / mo$548.50$548.50$548.50
Insurance / mo$150.00$150.00$150.00
MI / mo$165.52$165.52$56.68
HOA / mo$21.25$21.25$21.25
Total monthly$1,947.68$2,565.31$2,738.71
Cash to close$113,840$31,490$31,490