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$213,273$213,273$494,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$281,637$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%6.112%7.640%
1st payment$1,004.92$1,004.92$3,426.66
2nd payment$0.00$1,818.90$0.00
Taxes / mo$334.67$334.67$334.67
Insurance / mo$166.67$166.67$166.67
MI / mo$166.70$166.70$98.98
HOA / mo$90.00$90.00$90.00
Total monthly$1,762.95$3,581.86$4,116.97
Cash to close$336,627$54,990$54,990