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$215,108$215,108$332,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$117,802$0
Funding fee$0$0$0
Note rate3.330%3.330%7.320%
Blended rate4.180%5.532%7.560%
1st payment$1,093.16$1,093.16$2,286.86
2nd payment$0.00$785.35$0.00
Taxes / mo$236.25$236.25$236.25
Insurance / mo$150.00$150.00$150.00
MI / mo$176.14$176.14$66.58
HOA / mo$91.33$91.33$91.33
Total monthly$1,746.88$2,532.22$2,831.02
Cash to close$154,792$36,990$36,990