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$213,788$213,788$382,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$168,712$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.932%7.640%
1st payment$1,099.98$1,099.98$2,648.35
2nd payment$0.00$1,124.75$0.00
Taxes / mo$37.24$37.24$37.24
Insurance / mo$150.00$150.00$150.00
MI / mo$174.60$174.60$76.50
HOA / mo$80.00$80.00$80.00
Total monthly$1,541.81$2,666.56$2,992.09
Cash to close$211,212$42,500$42,500