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$227,624$227,624$346,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$118,876$0
Funding fee$0$0$0
Note rate3.690%3.690%7.320%
Blended rate4.540%5.727%7.560%
1st payment$1,216.44$1,216.44$2,380.21
2nd payment$0.00$792.51$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$187.43$187.43$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,874.71$2,667.22$2,920.35
Cash to close$157,376$38,500$38,500