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$221,679$221,679$305,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$84,231$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%5.290%7.640%
1st payment$1,084.14$1,084.14$2,118.06
2nd payment$0.00$631.73$0.00
Taxes / mo$287.08$287.08$287.08
Insurance / mo$150.00$150.00$150.00
MI / mo$181.45$181.45$61.18
HOA / mo$65.00$65.00$65.00
Total monthly$1,767.67$2,399.41$2,681.32
Cash to close$118,221$33,990$33,990