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$211,974$211,974$373,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$161,526$0
Funding fee$0$0$0
Note rate3.740%3.740%7.400%
Blended rate4.590%6.065%7.640%
1st payment$1,130.88$1,130.88$2,586.04
2nd payment$0.00$1,076.84$0.00
Taxes / mo$345.83$345.83$345.83
Insurance / mo$150.00$150.00$150.00
MI / mo$173.18$173.18$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,799.89$2,876.73$3,156.57
Cash to close$203,026$41,500$41,500