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$217,016$217,016$359,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$142,894$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.534%7.640%
1st payment$1,042.88$1,042.88$2,491.94
2nd payment$0.00$952.62$0.00
Taxes / mo$207.25$207.25$207.25
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,574.00$2,526.62$2,921.18
Cash to close$182,884$39,990$39,990