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$212,756$212,756$359,910
Remaining term (yrs)19.819.830.0
Secondary amount$0$147,154$0
Funding fee$0$0$0
Note rate3.540%3.540%7.400%
Blended rate4.390%5.866%7.640%
1st payment$1,241.84$1,241.84$2,491.94
2nd payment$0.00$981.02$0.00
Taxes / mo$249.08$249.08$249.08
Insurance / mo$150.00$150.00$150.00
MI / mo$194.92$194.92$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,835.85$2,816.87$2,963.01
Cash to close$187,144$39,990$39,990