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$215,810$215,810$346,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$130,690$0
Funding fee$0$0$0
Note rate3.040%3.040%7.320%
Blended rate3.890%5.440%7.560%
1st payment$1,034.83$1,034.83$2,380.21
2nd payment$0.00$871.26$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$172.98$172.98$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,678.64$2,549.90$2,920.35
Cash to close$169,190$38,500$38,500