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$214,007$214,007$305,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$91,903$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.488%7.640%
1st payment$1,060.20$1,060.20$2,118.06
2nd payment$0.00$689.27$0.00
Taxes / mo$197.25$197.25$197.25
Insurance / mo$150.00$150.00$150.00
MI / mo$175.20$175.20$61.18
HOA / mo$135.00$135.00$135.00
Total monthly$1,717.65$2,406.92$2,661.49
Cash to close$125,893$33,990$33,990