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$205,856$205,856$292,410
Remaining term (yrs)23.823.830.0
Secondary amount$0$86,554$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%5.374%7.560%
1st payment$1,005.96$1,005.96$2,008.65
2nd payment$0.00$649.15$0.00
Taxes / mo$349.25$349.25$349.25
Insurance / mo$150.00$150.00$150.00
MI / mo$169.01$169.01$58.48
HOA / mo$24.58$24.58$24.58
Total monthly$1,698.80$2,347.95$2,590.97
Cash to close$119,044$32,490$32,490