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$215,880$215,880$306,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$90,120$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.790%7.640%
1st payment$1,151.29$1,151.29$2,118.68
2nd payment$0.00$675.90$0.00
Taxes / mo$352.33$352.33$352.33
Insurance / mo$150.00$150.00$150.00
MI / mo$179.37$179.37$61.20
HOA / mo$487.33$487.33$487.33
Total monthly$2,320.32$2,996.22$3,169.55
Cash to close$124,120$34,000$34,000