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$213,352$213,352$230,631
Remaining term (yrs)23.523.530.0
Secondary amount$0$30,092$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%5.412%7.640%
1st payment$1,122.93$1,122.93$1,596.84
2nd payment$0.00$297.79$0.00
Taxes / mo$213.55$213.55$213.55
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$46.13
HOA / mo$0.00$0.00$0.00
Total monthly$1,660.35$1,958.14$2,006.52
Cash to close$42,905$12,813$25,626