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$227,988$227,988$557,100
Remaining term (yrs)19.819.830.0
Secondary amount$0$329,112$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.387%7.640%
1st payment$1,334.27$1,334.27$3,857.25
2nd payment$0.00$2,125.52$0.00
Taxes / mo$515.83$515.83$515.83
Insurance / mo$166.67$166.67$166.67
MI / mo$208.65$208.65$111.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,225.42$4,350.94$4,651.17
Cash to close$391,012$61,900$61,900