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$225,286$225,286$355,455
Remaining term (yrs)23.823.830.0
Secondary amount$0$130,169$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%5.471%7.560%
1st payment$1,119.59$1,119.59$2,441.73
2nd payment$0.00$867.79$0.00
Taxes / mo$117.17$117.17$117.17
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$71.09
HOA / mo$80.00$80.00$80.00
Total monthly$1,651.07$2,518.86$2,859.99
Cash to close$169,664$39,495$39,495