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$225,532$225,532$359,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$134,378$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%5.750%7.640%
1st payment$1,124.79$1,124.79$2,491.94
2nd payment$0.00$895.86$0.00
Taxes / mo$126.92$126.92$126.92
Insurance / mo$150.00$150.00$150.00
MI / mo$176.11$176.11$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,577.81$2,473.67$2,840.84
Cash to close$174,368$39,990$39,990