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$213,219$213,219$297,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$83,781$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.626%7.640%
1st payment$1,044.36$1,044.36$2,056.37
2nd payment$0.00$628.36$0.00
Taxes / mo$183.58$183.58$183.58
Insurance / mo$150.00$150.00$150.00
MI / mo$165.77$165.77$59.40
HOA / mo$26.00$26.00$26.00
Total monthly$1,569.71$2,198.07$2,475.35
Cash to close$116,781$33,000$33,000