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$212,360$212,360$332,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$119,740$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.493%7.640%
1st payment$1,065.58$1,065.58$2,299.39
2nd payment$0.00$798.27$0.00
Taxes / mo$317.42$317.42$317.42
Insurance / mo$150.00$150.00$150.00
MI / mo$173.87$173.87$66.42
HOA / mo$150.00$150.00$150.00
Total monthly$1,856.87$2,655.14$2,983.23
Cash to close$156,640$36,900$36,900