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$208,061$208,061$287,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$79,039$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%5.811%7.560%
1st payment$1,118.58$1,118.58$1,972.18
2nd payment$0.00$592.79$0.00
Taxes / mo$250.00$250.00$250.00
Insurance / mo$150.00$150.00$150.00
MI / mo$171.09$171.09$57.42
HOA / mo$170.00$170.00$170.00
Total monthly$1,859.67$2,452.46$2,599.60
Cash to close$110,939$31,900$31,900