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$225,505$225,505$269,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$44,405$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%4.956%7.560%
1st payment$1,140.99$1,140.99$1,854.09
2nd payment$0.00$333.04$0.00
Taxes / mo$131.00$131.00$131.00
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$53.98
HOA / mo$328.00$328.00$328.00
Total monthly$1,934.30$2,267.34$2,517.08
Cash to close$74,395$29,990$29,990