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$225,845$225,845$346,410
Remaining term (yrs)23.923.930.0
Secondary amount$0$120,565$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%5.399%7.640%
1st payment$1,119.76$1,119.76$2,398.47
2nd payment$0.00$803.77$0.00
Taxes / mo$416.16$416.16$416.16
Insurance / mo$150.00$150.00$150.00
MI / mo$184.34$184.34$69.28
HOA / mo$360.00$360.00$360.00
Total monthly$2,230.25$3,034.02$3,393.91
Cash to close$159,055$38,490$38,490