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$224,753$224,753$404,010
Remaining term (yrs)24.624.630.0
Secondary amount$0$179,257$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.725%7.640%
1st payment$1,080.05$1,080.05$2,797.28
2nd payment$0.00$1,195.05$0.00
Taxes / mo$261.25$261.25$261.25
Insurance / mo$150.00$150.00$150.00
MI / mo$180.07$180.07$80.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,671.38$2,866.42$3,289.34
Cash to close$224,147$44,890$44,890