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$216,737$216,737$301,500
Remaining term (yrs)19.119.130.0
Secondary amount$0$84,763$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%5.837%7.560%
1st payment$1,318.71$1,318.71$2,071.10
2nd payment$0.00$635.72$0.00
Taxes / mo$284.50$284.50$284.50
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,954.90$2,590.62$2,565.90
Cash to close$118,263$33,500$33,500