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$197,322$197,322$253,710
Remaining term (yrs)25.425.430.0
Secondary amount$0$56,388$0
Funding fee$0$0$0
Note rate3.760%3.760%7.320%
Blended rate4.610%5.586%7.560%
1st payment$1,001.63$1,001.63$1,742.81
2nd payment$0.00$422.91$0.00
Taxes / mo$164.08$164.08$164.08
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$50.74
HOA / mo$0.00$0.00$0.00
Total monthly$1,468.72$1,891.63$2,107.64
Cash to close$84,578$28,190$28,190