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$208,405$208,405$233,910
Remaining term (yrs)19.319.330.0
Secondary amount$0$25,505$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%5.276%7.640%
1st payment$1,284.45$1,284.45$1,619.55
2nd payment$0.00$191.28$0.00
Taxes / mo$363.92$363.92$363.92
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,989.63$2,180.91$2,180.24
Cash to close$51,495$25,990$25,990