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$217,769$217,769$247,050
Remaining term (yrs)24.724.730.0
Secondary amount$0$29,281$0
Funding fee$0$0$0
Note rate3.125%3.125%7.320%
Blended rate3.975%4.571%7.560%
1st payment$1,051.54$1,051.54$1,697.06
2nd payment$0.00$219.61$0.00
Taxes / mo$154.67$154.67$154.67
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$49.41
HOA / mo$0.00$0.00$0.00
Total monthly$1,530.08$1,749.69$2,051.14
Cash to close$56,731$27,450$27,450