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$229,761$229,761$242,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$26,644$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%4.747%7.560%
1st payment$1,085.97$1,085.97$1,668.62
2nd payment$0.00$263.66$0.00
Taxes / mo$307.83$307.83$307.83
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$48.58
HOA / mo$319.00$319.00$319.00
Total monthly$2,043.64$2,307.30$2,494.04
Cash to close$40,139$13,495$26,990