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$220,385$220,385$279,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$58,615$0
Funding fee$0$0$0
Note rate3.150%3.150%7.320%
Blended rate4.000%5.050%7.560%
1st payment$1,096.65$1,096.65$1,916.54
2nd payment$0.00$439.61$0.00
Taxes / mo$233.42$233.42$233.42
Insurance / mo$150.00$150.00$150.00
MI / mo$180.76$180.76$55.80
HOA / mo$208.00$208.00$208.00
Total monthly$1,868.83$2,308.45$2,563.75
Cash to close$89,615$31,000$31,000