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$216,527$216,527$256,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$39,973$0
Funding fee$0$0$0
Note rate3.450%3.450%7.240%
Blended rate4.300%5.032%7.480%
1st payment$1,067.06$1,067.06$1,748.04
2nd payment$0.00$299.80$0.00
Taxes / mo$237.50$237.50$237.50
Insurance / mo$150.00$150.00$150.00
MI / mo$169.37$169.37$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,623.93$1,923.72$2,186.84
Cash to close$68,473$28,500$28,500