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$213,698$213,698$405,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$191,302$0
Funding fee$0$0$0
Note rate3.540%3.540%7.400%
Blended rate4.390%6.095%7.640%
1st payment$1,247.34$1,247.34$2,804.14
2nd payment$0.00$1,275.35$0.00
Taxes / mo$233.75$233.75$233.75
Insurance / mo$150.00$150.00$150.00
MI / mo$195.78$195.78$81.00
HOA / mo$72.00$72.00$72.00
Total monthly$1,898.87$3,174.22$3,340.89
Cash to close$236,302$45,000$45,000