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$218,697$218,697$305,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$87,213$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.540%7.640%
1st payment$1,106.55$1,106.55$2,118.06
2nd payment$0.00$654.10$0.00
Taxes / mo$269.33$269.33$269.33
Insurance / mo$150.00$150.00$150.00
MI / mo$178.74$178.74$61.18
HOA / mo$229.67$229.67$229.67
Total monthly$1,934.30$2,588.39$2,828.24
Cash to close$121,203$33,990$33,990