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$217,942$217,942$269,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$51,158$0
Funding fee$0$0$0
Note rate3.260%3.260%7.400%
Blended rate4.110%5.040%7.640%
1st payment$1,097.01$1,097.01$1,863.19
2nd payment$0.00$383.68$0.00
Taxes / mo$309.92$309.92$309.92
Insurance / mo$150.00$150.00$150.00
MI / mo$178.32$178.32$53.82
HOA / mo$400.00$400.00$400.00
Total monthly$2,135.25$2,518.94$2,776.93
Cash to close$81,058$29,900$29,900