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$211,771$211,771$296,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$85,139$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%5.405%7.640%
1st payment$1,007.56$1,007.56$2,055.74
2nd payment$0.00$638.55$0.00
Taxes / mo$89.33$89.33$89.33
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,413.81$2,052.36$2,354.46
Cash to close$118,129$32,990$32,990