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$220,620$220,620$324,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$103,380$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%5.385%7.560%
1st payment$1,118.85$1,118.85$2,225.66
2nd payment$0.00$689.20$0.00
Taxes / mo$197.33$197.33$197.33
Insurance / mo$150.00$150.00$150.00
MI / mo$180.73$180.73$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,646.92$2,336.12$2,637.79
Cash to close$139,380$36,000$36,000