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$213,145$213,145$301,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$88,355$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.416%7.640%
1st payment$1,028.81$1,028.81$2,087.53
2nd payment$0.00$662.66$0.00
Taxes / mo$103.22$103.22$103.22
Insurance / mo$150.00$150.00$150.00
MI / mo$171.09$171.09$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,453.12$2,115.78$2,401.04
Cash to close$121,855$33,500$33,500