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$212,874$212,874$252,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$39,126$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%4.641%7.560%
1st payment$1,012.92$1,012.92$1,731.07
2nd payment$0.00$293.44$0.00
Taxes / mo$163.00$163.00$163.00
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$50.40
HOA / mo$34.00$34.00$34.00
Total monthly$1,530.32$1,823.76$2,128.47
Cash to close$67,126$28,000$28,000