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$216,148$216,148$251,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$35,762$0
Funding fee$0$0$0
Note rate3.060%3.060%7.320%
Blended rate3.910%4.633%7.560%
1st payment$1,038.70$1,038.70$1,730.45
2nd payment$0.00$268.21$0.00
Taxes / mo$302.43$302.43$302.43
Insurance / mo$150.00$150.00$150.00
MI / mo$173.18$173.18$50.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,664.31$1,932.52$2,233.26
Cash to close$63,752$27,990$27,990