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$216,105$216,105$314,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$98,805$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.624%7.640%
1st payment$1,086.90$1,086.90$2,180.37
2nd payment$0.00$741.04$0.00
Taxes / mo$288.50$288.50$288.50
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,702.75$2,443.79$2,681.86
Cash to close$133,795$34,990$34,990