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$211,318$211,318$346,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$135,182$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.835%7.640%
1st payment$1,111.56$1,111.56$2,399.10
2nd payment$0.00$901.22$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$173.18$173.18$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,755.57$2,656.79$2,939.23
Cash to close$173,682$38,500$38,500