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$212,701$212,701$314,100
Remaining term (yrs)19.419.430.0
Secondary amount$0$101,399$0
Funding fee$0$0$0
Note rate3.870%3.870%7.400%
Blended rate4.720%5.779%7.640%
1st payment$1,296.09$1,296.09$2,174.76
2nd payment$0.00$675.99$0.00
Taxes / mo$158.92$158.92$158.92
Insurance / mo$150.00$150.00$150.00
MI / mo$195.35$195.35$62.82
HOA / mo$215.00$215.00$215.00
Total monthly$2,015.36$2,691.35$2,761.50
Cash to close$136,299$34,900$34,900