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$217,651$217,651$247,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$29,849$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.366%7.640%
1st payment$1,047.63$1,047.63$1,713.64
2nd payment$0.00$223.87$0.00
Taxes / mo$254.17$254.17$254.17
Insurance / mo$150.00$150.00$150.00
MI / mo$178.74$178.74$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,630.55$1,854.42$2,167.31
Cash to close$57,349$27,500$27,500