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$218,406$218,406$351,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$132,594$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%5.418%7.560%
1st payment$1,059.74$1,059.74$2,411.13
2nd payment$0.00$883.96$0.00
Taxes / mo$675.67$675.67$675.67
Insurance / mo$150.00$150.00$150.00
MI / mo$178.05$178.05$70.20
HOA / mo$24.00$24.00$24.00
Total monthly$2,087.45$2,971.41$3,330.99
Cash to close$171,594$39,000$39,000