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$219,881$219,881$234,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$27,119$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%4.785%7.640%
1st payment$1,056.64$1,056.64$1,620.17
2nd payment$0.00$268.37$0.00
Taxes / mo$284.05$284.05$284.05
Insurance / mo$150.00$150.00$150.00
MI / mo$176.17$176.17$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,666.86$1,935.22$2,101.01
Cash to close$40,119$13,000$26,000