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$214,797$214,797$360,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$145,203$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%5.709%7.560%
1st payment$1,089.32$1,089.32$2,472.95
2nd payment$0.00$968.02$0.00
Taxes / mo$134.83$134.83$134.83
Insurance / mo$150.00$150.00$150.00
MI / mo$175.96$175.96$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,550.12$2,518.14$2,829.78
Cash to close$185,203$40,000$40,000