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$212,797$212,797$369,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$156,203$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.641%7.640%
1st payment$1,018.02$1,018.02$2,554.88
2nd payment$0.00$1,041.36$0.00
Taxes / mo$116.92$116.92$116.92
Insurance / mo$150.00$150.00$150.00
MI / mo$169.73$169.73$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,454.67$2,496.03$2,895.60
Cash to close$197,203$41,000$41,000