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$216,613$216,613$303,300
Remaining term (yrs)25.325.330.0
Secondary amount$0$86,687$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.393%7.640%
1st payment$1,027.24$1,027.24$2,099.99
2nd payment$0.00$650.15$0.00
Taxes / mo$153.42$153.42$153.42
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$60.66
HOA / mo$0.00$0.00$0.00
Total monthly$1,501.05$2,151.20$2,464.06
Cash to close$120,387$33,700$33,700