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$224,869$224,869$260,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$36,041$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%5.035%7.560%
1st payment$1,118.01$1,118.01$1,792.27
2nd payment$0.00$270.31$0.00
Taxes / mo$519.50$519.50$519.50
Insurance / mo$150.00$150.00$150.00
MI / mo$175.27$175.27$52.18
HOA / mo$31.50$31.50$31.50
Total monthly$1,994.28$2,264.59$2,545.45
Cash to close$65,031$28,990$28,990