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$224,829$224,829$314,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$90,081$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.366%7.640%
1st payment$1,080.42$1,080.42$2,180.37
2nd payment$0.00$675.61$0.00
Taxes / mo$242.08$242.08$242.08
Insurance / mo$150.00$150.00$150.00
MI / mo$180.13$180.13$62.98
HOA / mo$26.58$26.58$26.58
Total monthly$1,679.21$2,354.82$2,662.01
Cash to close$125,071$34,990$34,990