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$211,254$211,254$238,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$27,246$0
Funding fee$0$0$0
Note rate3.610%3.610%7.320%
Blended rate4.460%4.979%7.560%
1st payment$1,117.40$1,117.40$1,638.33
2nd payment$0.00$204.34$0.00
Taxes / mo$367.33$367.33$367.33
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,808.61$2,012.95$2,203.36
Cash to close$53,746$26,500$26,500