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$211,141$211,141$301,399
Remaining term (yrs)24.424.430.0
Secondary amount$0$90,258$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.406%7.560%
1st payment$1,014.85$1,014.85$2,070.40
2nd payment$0.00$676.94$0.00
Taxes / mo$403.50$403.50$403.50
Insurance / mo$150.00$150.00$150.00
MI / mo$170.07$170.07$60.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,738.42$2,415.36$2,684.18
Cash to close$123,747$33,489$33,489