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$219,134$219,134$277,200
Remaining term (yrs)25.425.430.0
Secondary amount$0$58,066$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%5.601%7.640%
1st payment$1,123.17$1,123.17$1,919.28
2nd payment$0.00$435.49$0.00
Taxes / mo$129.72$129.72$129.72
Insurance / mo$150.00$150.00$150.00
MI / mo$169.70$169.70$55.44
HOA / mo$0.00$0.00$0.00
Total monthly$1,572.59$2,008.09$2,254.44
Cash to close$88,866$30,800$30,800