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$215,645$215,645$315,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$99,355$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.885%7.640%
1st payment$1,136.89$1,136.89$2,181.00
2nd payment$0.00$745.16$0.00
Taxes / mo$632.67$632.67$632.67
Insurance / mo$150.00$150.00$150.00
MI / mo$177.13$177.13$63.00
HOA / mo$10.42$10.42$10.42
Total monthly$2,107.10$2,852.27$3,037.08
Cash to close$134,355$35,000$35,000