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$214,161$214,161$260,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$46,749$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.224%7.640%
1st payment$1,064.78$1,064.78$1,806.49
2nd payment$0.00$350.61$0.00
Taxes / mo$181.42$181.42$181.42
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,563.11$1,913.73$2,190.09
Cash to close$75,739$28,990$28,990