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$192,888$192,888$346,410
Remaining term (yrs)23.123.130.0
Secondary amount$0$153,522$0
Funding fee$0$0$0
Note rate3.570%3.570%7.320%
Blended rate4.420%6.007%7.560%
1st payment$1,018.49$1,018.49$2,379.60
2nd payment$0.00$1,023.48$0.00
Taxes / mo$137.75$137.75$137.75
Insurance / mo$150.00$150.00$150.00
MI / mo$159.27$159.27$69.28
HOA / mo$10.42$10.42$10.42
Total monthly$1,475.93$2,499.41$2,747.05
Cash to close$192,012$38,490$38,490