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$215,414$215,414$324,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$108,586$0
Funding fee$0$0$0
Note rate3.000%3.000%7.240%
Blended rate3.850%5.241%7.480%
1st payment$1,026.13$1,026.13$2,208.05
2nd payment$0.00$723.91$0.00
Taxes / mo$593.08$593.08$593.08
Insurance / mo$150.00$150.00$150.00
MI / mo$172.40$172.40$64.80
HOA / mo$7.08$7.08$7.08
Total monthly$1,948.69$2,672.59$3,023.02
Cash to close$144,586$36,000$36,000