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$224,986$224,986$328,410
Remaining term (yrs)23.623.630.0
Secondary amount$0$103,424$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.369%7.640%
1st payment$1,140.99$1,140.99$2,273.84
2nd payment$0.00$689.49$0.00
Taxes / mo$304.08$304.08$304.08
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$65.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,779.38$2,468.88$2,793.61
Cash to close$139,914$36,490$36,490