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$218,547$218,547$369,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$150,453$0
Funding fee$0$0$0
Note rate3.970%3.970%7.320%
Blended rate4.820%6.117%7.560%
1st payment$1,279.78$1,279.78$2,534.77
2nd payment$0.00$1,003.02$0.00
Taxes / mo$232.08$232.08$232.08
Insurance / mo$150.00$150.00$150.00
MI / mo$190.57$190.57$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,852.43$2,855.45$2,990.66
Cash to close$191,453$41,000$41,000