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$216,358$216,358$242,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$25,742$0
Funding fee$0$0$0
Note rate2.680%2.680%7.320%
Blended rate3.530%4.112%7.560%
1st payment$1,004.55$1,004.55$1,663.06
2nd payment$0.00$193.07$0.00
Taxes / mo$317.44$317.44$317.44
Insurance / mo$150.00$150.00$150.00
MI / mo$175.89$175.89$48.42
HOA / mo$53.00$53.00$53.00
Total monthly$1,700.89$1,893.95$2,231.92
Cash to close$52,642$26,900$26,900