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$211,988$211,988$382,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$170,512$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%6.099%7.640%
1st payment$1,128.68$1,128.68$2,648.35
2nd payment$0.00$1,136.75$0.00
Taxes / mo$598.42$598.42$598.42
Insurance / mo$150.00$150.00$150.00
MI / mo$173.27$173.27$76.50
HOA / mo$180.00$180.00$180.00
Total monthly$2,230.37$3,367.11$3,653.27
Cash to close$213,012$42,500$42,500