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$216,995$216,995$301,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$84,505$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%5.517%7.560%
1st payment$1,097.94$1,097.94$2,071.10
2nd payment$0.00$633.79$0.00
Taxes / mo$242.17$242.17$242.17
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,667.46$2,301.24$2,523.56
Cash to close$118,005$33,500$33,500