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$212,002$212,002$328,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$116,498$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%5.406%7.560%
1st payment$1,026.53$1,026.53$2,256.57
2nd payment$0.00$776.65$0.00
Taxes / mo$437.08$437.08$437.08
Insurance / mo$150.00$150.00$150.00
MI / mo$169.63$169.63$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,783.25$2,559.90$2,909.35
Cash to close$152,998$36,500$36,500