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$211,782$211,782$260,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$48,318$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%4.807%7.560%
1st payment$1,034.92$1,034.92$1,786.71
2nd payment$0.00$362.39$0.00
Taxes / mo$92.67$92.67$92.67
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$52.02
HOA / mo$250.00$250.00$250.00
Total monthly$1,701.47$2,063.85$2,331.40
Cash to close$77,218$28,900$28,900