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$215,661$215,661$355,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$139,839$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%5.883%7.640%
1st payment$1,146.46$1,146.46$2,461.41
2nd payment$0.00$932.26$0.00
Taxes / mo$105.25$105.25$105.25
Insurance / mo$150.00$150.00$150.00
MI / mo$177.30$177.30$71.10
HOA / mo$23.00$23.00$23.00
Total monthly$1,602.01$2,534.27$2,810.76
Cash to close$179,339$39,500$39,500