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$224,736$224,736$305,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$80,364$0
Funding fee$0$0$0
Note rate3.260%3.260%7.320%
Blended rate4.110%5.398%7.560%
1st payment$1,133.84$1,133.84$2,095.83
2nd payment$0.00$602.73$0.00
Taxes / mo$94.00$94.00$94.00
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,562.14$2,164.88$2,400.85
Cash to close$114,264$33,900$33,900