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$212,534$212,534$285,750
Remaining term (yrs)23.823.830.0
Secondary amount$0$73,216$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%5.289%7.560%
1st payment$1,056.22$1,056.22$1,962.90
2nd payment$0.00$549.12$0.00
Taxes / mo$264.58$264.58$264.58
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$57.15
HOA / mo$570.00$570.00$570.00
Total monthly$2,214.68$2,763.80$3,004.64
Cash to close$104,966$31,750$31,750