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$215,054$215,054$301,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$86,446$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%5.790%7.640%
1st payment$1,147.30$1,147.30$2,087.53
2nd payment$0.00$648.34$0.00
Taxes / mo$465.00$465.00$465.00
Insurance / mo$150.00$150.00$150.00
MI / mo$177.65$177.65$60.30
HOA / mo$344.00$344.00$344.00
Total monthly$2,283.95$2,932.29$3,106.83
Cash to close$119,946$33,500$33,500