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$255,806$255,806$319,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$63,694$0
Funding fee$0$0$0
Note rate3.220%3.220%7.400%
Blended rate4.070%5.053%7.640%
1st payment$1,226.68$1,226.68$2,212.15
2nd payment$0.00$477.70$0.00
Taxes / mo$408.08$408.08$408.08
Insurance / mo$150.00$150.00$150.00
MI / mo$200.41$200.41$63.90
HOA / mo$58.67$58.67$58.67
Total monthly$2,043.85$2,521.55$2,892.81
Cash to close$99,194$35,500$35,500