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$215,780$215,780$346,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$130,720$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%5.883%7.560%
1st payment$1,167.99$1,167.99$2,380.21
2nd payment$0.00$871.47$0.00
Taxes / mo$292.25$292.25$292.25
Insurance / mo$150.00$150.00$150.00
MI / mo$178.64$178.64$69.30
HOA / mo$20.83$20.83$20.83
Total monthly$1,809.72$2,681.18$2,912.59
Cash to close$169,220$38,500$38,500