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$219,113$219,113$377,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$158,797$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%5.576%7.640%
1st payment$1,042.70$1,042.70$2,616.57
2nd payment$0.00$1,058.65$0.00
Taxes / mo$349.92$349.92$349.92
Insurance / mo$150.00$150.00$150.00
MI / mo$175.86$175.86$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,718.48$2,777.12$3,192.07
Cash to close$200,787$41,990$41,990