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$212,127$212,127$296,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$83,973$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%5.769%7.640%
1st payment$1,120.34$1,120.34$2,050.14
2nd payment$0.00$629.80$0.00
Taxes / mo$316.75$316.75$316.75
Insurance / mo$150.00$150.00$150.00
MI / mo$173.69$173.69$59.22
HOA / mo$69.00$69.00$69.00
Total monthly$1,829.78$2,459.58$2,645.11
Cash to close$116,873$32,900$32,900