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$225,123$225,123$323,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$98,787$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.435%7.640%
1st payment$1,099.82$1,099.82$2,242.69
2nd payment$0.00$740.90$0.00
Taxes / mo$137.17$137.17$137.17
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$64.78
HOA / mo$18.00$18.00$18.00
Total monthly$1,589.30$2,330.20$2,612.64
Cash to close$134,777$35,990$35,990