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$228,491$228,491$351,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$122,509$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.344%7.640%
1st payment$1,084.68$1,084.68$2,430.25
2nd payment$0.00$816.73$0.00
Taxes / mo$275.50$275.50$275.50
Insurance / mo$150.00$150.00$150.00
MI / mo$180.61$180.61$70.20
HOA / mo$47.00$47.00$47.00
Total monthly$1,737.79$2,554.52$2,972.95
Cash to close$161,509$39,000$39,000