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$226,908$226,908$264,600
Remaining term (yrs)25.125.130.0
Secondary amount$0$37,692$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.626%7.640%
1st payment$1,074.79$1,074.79$1,832.04
2nd payment$0.00$282.69$0.00
Taxes / mo$277.33$277.33$277.33
Insurance / mo$150.00$150.00$150.00
MI / mo$179.43$179.43$52.92
HOA / mo$86.00$86.00$86.00
Total monthly$1,767.55$2,050.24$2,398.29
Cash to close$67,092$29,400$29,400