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$225,357$225,357$297,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$71,643$0
Funding fee$0$0$0
Note rate3.280%3.280%7.320%
Blended rate4.130%5.305%7.560%
1st payment$1,136.70$1,136.70$2,040.18
2nd payment$0.00$537.33$0.00
Taxes / mo$457.17$457.17$457.17
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,928.17$2,465.50$2,706.75
Cash to close$104,643$33,000$33,000