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$220,140$220,140$233,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$26,765$0
Funding fee$0$0$0
Note rate3.140%3.140%7.320%
Blended rate3.990%4.845%7.560%
1st payment$1,053.12$1,053.12$1,606.80
2nd payment$0.00$264.86$0.00
Taxes / mo$247.75$247.75$247.75
Insurance / mo$150.00$150.00$150.00
MI / mo$173.81$173.81$46.78
HOA / mo$2.67$2.67$2.67
Total monthly$1,627.35$1,892.20$2,054.00
Cash to close$39,760$12,995$25,990