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$223,084$223,084$260,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$37,016$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.055%7.640%
1st payment$1,109.14$1,109.14$1,800.88
2nd payment$0.00$277.62$0.00
Taxes / mo$155.17$155.17$155.17
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,588.18$1,865.80$2,158.07
Cash to close$65,916$28,900$28,900