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$211,202$211,202$247,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$36,298$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.648%7.640%
1st payment$1,016.13$1,016.13$1,713.64
2nd payment$0.00$272.23$0.00
Taxes / mo$296.42$296.42$296.42
Insurance / mo$150.00$150.00$150.00
MI / mo$169.63$169.63$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,632.18$1,904.41$2,209.56
Cash to close$63,798$27,500$27,500