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$193,100$193,100$319,410
Remaining term (yrs)22.822.830.0
Secondary amount$0$126,310$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%5.987%7.640%
1st payment$1,054.86$1,054.86$2,211.53
2nd payment$0.00$842.07$0.00
Taxes / mo$210.50$210.50$210.50
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$63.88
HOA / mo$10.42$10.42$10.42
Total monthly$1,585.75$2,427.81$2,646.33
Cash to close$161,800$35,490$35,490