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$216,340$216,340$260,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$43,760$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%4.658%7.640%
1st payment$1,020.36$1,020.36$1,800.88
2nd payment$0.00$328.20$0.00
Taxes / mo$237.42$237.42$237.42
Insurance / mo$150.00$150.00$150.00
MI / mo$172.98$172.98$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,580.75$1,908.95$2,240.32
Cash to close$72,660$28,900$28,900