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$206,054$206,054$312,660
Remaining term (yrs)23.723.730.0
Secondary amount$0$106,606$0
Funding fee$0$0$0
Note rate3.150%3.150%7.400%
Blended rate4.000%5.364%7.640%
1st payment$1,025.34$1,025.34$2,164.79
2nd payment$0.00$710.70$0.00
Taxes / mo$99.75$99.75$99.75
Insurance / mo$150.00$150.00$150.00
MI / mo$169.01$169.01$62.53
HOA / mo$0.00$0.00$0.00
Total monthly$1,444.10$2,154.81$2,477.08
Cash to close$141,346$34,740$34,740