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$219,006$219,006$270,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$50,994$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%4.928%7.560%
1st payment$1,090.09$1,090.09$1,854.71
2nd payment$0.00$382.45$0.00
Taxes / mo$245.33$245.33$245.33
Insurance / mo$150.00$150.00$150.00
MI / mo$180.13$180.13$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,665.55$2,048.01$2,304.05
Cash to close$80,994$30,000$30,000