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$210,986$210,986$315,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$104,014$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%5.756%7.640%
1st payment$1,152.94$1,152.94$2,181.00
2nd payment$0.00$693.43$0.00
Taxes / mo$383.92$383.92$383.92
Insurance / mo$150.00$150.00$150.00
MI / mo$175.27$175.27$63.00
HOA / mo$56.00$56.00$56.00
Total monthly$1,918.12$2,611.55$2,833.91
Cash to close$139,014$35,000$35,000