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$211,843$211,843$324,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$112,157$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.777%7.640%
1st payment$1,136.36$1,136.36$2,243.31
2nd payment$0.00$747.72$0.00
Taxes / mo$441.00$441.00$441.00
Insurance / mo$150.00$150.00$150.00
MI / mo$173.81$173.81$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,901.17$2,648.88$2,899.11
Cash to close$148,157$36,000$36,000