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$220,486$220,486$301,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$81,014$0
Funding fee$0$0$0
Note rate3.260%3.260%7.400%
Blended rate4.110%5.424%7.640%
1st payment$1,112.40$1,112.40$2,087.53
2nd payment$0.00$607.60$0.00
Taxes / mo$374.42$374.42$374.42
Insurance / mo$150.00$150.00$150.00
MI / mo$180.82$180.82$60.30
HOA / mo$265.00$265.00$265.00
Total monthly$2,082.64$2,690.24$2,937.24
Cash to close$114,514$33,500$33,500