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$225,004$225,004$314,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$89,096$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.239%7.640%
1st payment$1,062.59$1,062.59$2,174.76
2nd payment$0.00$668.22$0.00
Taxes / mo$482.92$482.92$482.92
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$62.82
HOA / mo$70.33$70.33$70.33
Total monthly$1,946.67$2,614.89$2,940.83
Cash to close$123,996$34,900$34,900