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$215,200$215,200$270,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$54,800$0
Funding fee$0$0$0
Note rate3.920%3.920%7.320%
Blended rate4.770%5.629%7.560%
1st payment$1,111.31$1,111.31$1,854.71
2nd payment$0.00$411.00$0.00
Taxes / mo$300.58$300.58$300.58
Insurance / mo$150.00$150.00$150.00
MI / mo$166.49$166.49$54.00
HOA / mo$76.00$76.00$76.00
Total monthly$1,804.38$2,215.38$2,435.30
Cash to close$84,800$30,000$30,000