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$214,449$214,449$328,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$114,051$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%5.585%7.560%
1st payment$1,103.38$1,103.38$2,256.57
2nd payment$0.00$760.34$0.00
Taxes / mo$618.33$618.33$618.33
Insurance / mo$150.00$150.00$150.00
MI / mo$175.14$175.14$65.70
HOA / mo$43.33$43.33$43.33
Total monthly$2,090.18$2,850.52$3,133.93
Cash to close$150,551$36,500$36,500