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$210,242$210,242$359,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$149,668$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%5.839%7.560%
1st payment$1,086.67$1,086.67$2,472.33
2nd payment$0.00$997.79$0.00
Taxes / mo$466.42$466.42$466.42
Insurance / mo$150.00$150.00$150.00
MI / mo$172.48$172.48$71.98
HOA / mo$107.00$107.00$107.00
Total monthly$1,982.58$2,980.36$3,267.73
Cash to close$189,658$39,990$39,990