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$216,843$216,843$269,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$53,067$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%4.911%7.640%
1st payment$1,042.04$1,042.04$1,868.80
2nd payment$0.00$398.00$0.00
Taxes / mo$121.67$121.67$121.67
Insurance / mo$150.00$150.00$150.00
MI / mo$173.74$173.74$53.98
HOA / mo$170.00$170.00$170.00
Total monthly$1,657.45$2,055.45$2,364.45
Cash to close$83,057$29,990$29,990