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$215,758$215,758$279,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$63,242$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%5.095%7.560%
1st payment$1,025.39$1,025.39$1,916.54
2nd payment$0.00$474.32$0.00
Taxes / mo$653.08$653.08$653.08
Insurance / mo$150.00$150.00$150.00
MI / mo$170.09$170.09$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,998.57$2,472.89$2,775.42
Cash to close$94,242$31,000$31,000