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$212,754$212,754$260,999
Remaining term (yrs)24.724.730.0
Secondary amount$0$48,245$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%4.769%7.560%
1st payment$1,009.04$1,009.04$1,792.88
2nd payment$0.00$361.84$0.00
Taxes / mo$77.42$77.42$77.42
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$52.20
HOA / mo$205.00$205.00$205.00
Total monthly$1,611.85$1,973.69$2,277.50
Cash to close$77,245$29,000$29,000