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$216,684$216,684$287,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$70,416$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.098%7.640%
1st payment$1,032.27$1,032.27$1,987.82
2nd payment$0.00$528.12$0.00
Taxes / mo$327.92$327.92$327.92
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,684.06$2,212.18$2,523.16
Cash to close$102,316$31,900$31,900