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$213,951$213,951$328,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$114,549$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.655%7.640%
1st payment$1,061.60$1,061.60$2,274.47
2nd payment$0.00$763.66$0.00
Taxes / mo$145.00$145.00$145.00
Insurance / mo$150.00$150.00$150.00
MI / mo$166.42$166.42$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,523.02$2,286.68$2,635.17
Cash to close$151,049$36,500$36,500