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$224,082$224,082$270,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$45,918$0
Funding fee$0$0$0
Note rate3.140%3.140%7.400%
Blended rate3.990%4.842%7.640%
1st payment$1,071.98$1,071.98$1,869.43
2nd payment$0.00$344.39$0.00
Taxes / mo$309.83$309.83$309.83
Insurance / mo$150.00$150.00$150.00
MI / mo$176.92$176.92$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,708.73$2,053.11$2,383.26
Cash to close$75,918$30,000$30,000