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$216,148$216,148$283,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$67,352$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%5.051%7.640%
1st payment$1,030.95$1,030.95$1,962.90
2nd payment$0.00$505.14$0.00
Taxes / mo$349.75$349.75$349.75
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$56.70
HOA / mo$16.00$16.00$16.00
Total monthly$1,720.57$2,225.71$2,535.35
Cash to close$98,852$31,500$31,500