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$212,067$212,067$318,510
Remaining term (yrs)24.624.630.0
Secondary amount$0$106,443$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.210%7.640%
1st payment$1,008.08$1,008.08$2,205.30
2nd payment$0.00$709.62$0.00
Taxes / mo$228.92$228.92$228.92
Insurance / mo$150.00$150.00$150.00
MI / mo$170.24$170.24$63.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,557.23$2,266.85$2,647.92
Cash to close$141,833$35,390$35,390