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$218,723$218,723$359,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$141,276$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.558%7.640%
1st payment$1,083.56$1,083.56$2,492.56
2nd payment$0.00$941.84$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$179.06$179.06$72.00
HOA / mo$430.00$430.00$430.00
Total monthly$2,175.95$3,117.79$3,477.89
Cash to close$181,276$40,000$40,000