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$219,327$219,327$373,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$154,173$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%5.945%7.560%
1st payment$1,154.38$1,154.38$2,565.69
2nd payment$0.00$1,027.82$0.00
Taxes / mo$205.50$205.50$205.50
Insurance / mo$150.00$150.00$150.00
MI / mo$178.74$178.74$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,688.62$2,716.44$2,995.89
Cash to close$195,673$41,500$41,500