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$224,279$224,279$305,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$81,631$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.261%7.640%
1st payment$1,079.04$1,079.04$2,118.06
2nd payment$0.00$612.24$0.00
Taxes / mo$538.58$538.58$538.58
Insurance / mo$150.00$150.00$150.00
MI / mo$180.13$180.13$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,947.76$2,560.00$2,867.82
Cash to close$115,621$33,990$33,990