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$217,218$217,218$274,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$57,282$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.917%7.640%
1st payment$1,033.59$1,033.59$1,900.58
2nd payment$0.00$429.61$0.00
Taxes / mo$271.33$271.33$271.33
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$54.90
HOA / mo$8.67$8.67$8.67
Total monthly$1,637.47$2,067.08$2,385.49
Cash to close$87,782$30,500$30,500