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$218,004$218,004$377,100
Remaining term (yrs)22.822.830.0
Secondary amount$0$159,096$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.601%7.640%
1st payment$1,097.18$1,097.18$2,610.96
2nd payment$0.00$1,060.64$0.00
Taxes / mo$225.17$225.17$225.17
Insurance / mo$150.00$150.00$150.00
MI / mo$176.52$176.52$75.42
HOA / mo$20.83$20.83$20.83
Total monthly$1,669.70$2,730.34$3,082.38
Cash to close$200,996$41,900$41,900