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$225,206$225,206$346,410
Remaining term (yrs)23.923.930.0
Secondary amount$0$121,204$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%5.322%7.640%
1st payment$1,101.39$1,101.39$2,398.47
2nd payment$0.00$808.03$0.00
Taxes / mo$416.08$416.08$416.08
Insurance / mo$150.00$150.00$150.00
MI / mo$184.34$184.34$69.28
HOA / mo$360.00$360.00$360.00
Total monthly$2,211.81$3,019.84$3,393.84
Cash to close$159,694$38,490$38,490