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$211,697$211,697$467,998
Remaining term (yrs)23.923.930.0
Secondary amount$0$256,301$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%6.045%7.560%
1st payment$1,046.31$1,046.31$3,214.82
2nd payment$0.00$1,655.28$0.00
Taxes / mo$301.58$301.58$301.58
Insurance / mo$166.67$166.67$166.67
MI / mo$172.90$172.90$93.60
HOA / mo$52.50$52.50$52.50
Total monthly$1,739.96$3,395.24$3,829.17
Cash to close$308,301$52,000$52,000