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$224,926$224,926$341,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$116,984$0
Funding fee$0$0$0
Note rate3.260%3.260%7.400%
Blended rate4.110%5.441%7.640%
1st payment$1,129.56$1,129.56$2,367.32
2nd payment$0.00$779.89$0.00
Taxes / mo$316.58$316.58$316.58
Insurance / mo$150.00$150.00$150.00
MI / mo$183.61$183.61$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,779.75$2,559.65$2,902.28
Cash to close$154,974$37,990$37,990