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$212,687$212,687$292,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$79,813$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.386%7.640%
1st payment$1,037.72$1,037.72$2,025.21
2nd payment$0.00$598.60$0.00
Taxes / mo$303.17$303.17$303.17
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,661.29$2,259.88$2,536.88
Cash to close$112,313$32,500$32,500