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$202,301$202,301$324,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$121,699$0
Funding fee$0$0$0
Note rate3.950%3.950%7.320%
Blended rate4.800%6.002%7.560%
1st payment$1,164.85$1,164.85$2,225.66
2nd payment$0.00$811.33$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,788.73$2,600.05$2,740.46
Cash to close$157,699$36,000$36,000