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$225,275$225,275$252,810
Remaining term (yrs)24.524.530.0
Secondary amount$0$27,535$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%4.482%7.640%
1st payment$1,087.36$1,087.36$1,750.41
2nd payment$0.00$206.51$0.00
Taxes / mo$272.25$272.25$272.25
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$50.56
HOA / mo$300.00$300.00$300.00
Total monthly$1,990.44$2,196.95$2,523.22
Cash to close$55,625$28,090$28,090