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$217,588$217,588$264,600
Remaining term (yrs)24.824.830.0
Secondary amount$0$47,012$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.732%7.640%
1st payment$1,029.63$1,029.63$1,832.04
2nd payment$0.00$352.59$0.00
Taxes / mo$245.00$245.00$245.00
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$52.92
HOA / mo$0.00$0.00$0.00
Total monthly$1,598.50$1,951.09$2,279.96
Cash to close$76,412$29,400$29,400