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$212,329$212,329$386,910
Remaining term (yrs)19.719.730.0
Secondary amount$0$174,581$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%6.052%7.560%
1st payment$1,249.50$1,249.50$2,657.80
2nd payment$0.00$1,163.87$0.00
Taxes / mo$453.68$453.68$453.68
Insurance / mo$150.00$150.00$150.00
MI / mo$194.67$194.67$77.38
HOA / mo$207.00$207.00$207.00
Total monthly$2,254.85$3,418.72$3,545.86
Cash to close$217,571$42,990$42,990