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$215,461$215,461$288,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$72,539$0
Funding fee$0$0$0
Note rate3.040%3.040%7.320%
Blended rate3.890%5.177%7.560%
1st payment$1,033.15$1,033.15$1,978.36
2nd payment$0.00$544.05$0.00
Taxes / mo$436.08$436.08$436.08
Insurance / mo$150.00$150.00$150.00
MI / mo$172.69$172.69$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,791.93$2,335.98$2,622.04
Cash to close$104,539$32,000$32,000