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$217,125$217,125$269,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$52,785$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.777%7.560%
1st payment$1,011.51$1,011.51$1,854.09
2nd payment$0.00$395.89$0.00
Taxes / mo$254.00$254.00$254.00
Insurance / mo$150.00$150.00$150.00
MI / mo$172.14$172.14$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,587.64$1,983.53$2,312.08
Cash to close$82,775$29,990$29,990