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$212,442$212,442$247,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$35,058$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.640%7.640%
1st payment$1,008.49$1,008.49$1,713.64
2nd payment$0.00$262.93$0.00
Taxes / mo$637.55$637.55$637.55
Insurance / mo$150.00$150.00$150.00
MI / mo$167.93$167.93$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,963.97$2,226.90$2,550.69
Cash to close$62,558$27,500$27,500