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$213,259$213,259$440,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$227,741$0
Funding fee$0$0$0
Note rate3.210%3.210%7.320%
Blended rate4.060%5.966%7.560%
1st payment$1,062.92$1,062.92$3,029.36
2nd payment$0.00$1,470.82$0.00
Taxes / mo$499.17$499.17$499.17
Insurance / mo$166.67$166.67$166.67
MI / mo$173.88$173.88$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,902.63$3,373.46$3,783.39
Cash to close$276,740$49,000$49,000