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$214,311$214,311$413,910
Remaining term (yrs)22.422.430.0
Secondary amount$0$199,599$0
Funding fee$0$0$0
Note rate3.125%3.125%7.400%
Blended rate3.975%5.916%7.640%
1st payment$1,106.22$1,106.22$2,865.83
2nd payment$0.00$1,330.66$0.00
Taxes / mo$282.58$282.58$282.58
Insurance / mo$166.67$166.67$166.67
MI / mo$182.92$182.92$82.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,738.39$3,069.05$3,397.86
Cash to close$245,589$45,990$45,990