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$205,568$205,568$260,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$54,532$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.072%7.640%
1st payment$1,002.99$1,002.99$1,800.88
2nd payment$0.00$408.99$0.00
Taxes / mo$118.83$118.83$118.83
Insurance / mo$150.00$150.00$150.00
MI / mo$164.69$164.69$52.02
HOA / mo$35.00$35.00$35.00
Total monthly$1,471.51$1,880.51$2,156.73
Cash to close$83,432$28,900$28,900