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$292,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$75,484$0
Funding fee$0$0$0
Note rate3.060%3.060%7.320%
Blended rate3.910%5.224%7.560%
1st payment$1,042.88$1,042.88$2,009.27
2nd payment$0.00$566.13$0.00
Taxes / mo$181.00$181.00$181.00
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$58.50
HOA / mo$190.00$190.00$190.00
Total monthly$1,737.75$2,303.88$2,588.77
Cash to close$107,984$32,500$32,500