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$217,394$217,394$296,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$78,706$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%5.226%7.640%
1st payment$1,060.94$1,060.94$2,050.14
2nd payment$0.00$590.30$0.00
Taxes / mo$180.50$180.50$180.50
Insurance / mo$150.00$150.00$150.00
MI / mo$178.02$178.02$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,569.46$2,159.75$2,439.86
Cash to close$111,606$32,900$32,900