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$217,669$217,669$250,200
Remaining term (yrs)24.824.830.0
Secondary amount$0$32,531$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%4.502%7.560%
1st payment$1,032.27$1,032.27$1,718.70
2nd payment$0.00$243.98$0.00
Taxes / mo$340.67$340.67$340.67
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$50.04
HOA / mo$0.00$0.00$0.00
Total monthly$1,696.82$1,940.80$2,259.41
Cash to close$60,331$27,800$27,800