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$229,438$229,438$422,550
Remaining term (yrs)20.220.230.0
Secondary amount$0$193,112$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%6.257%7.640%
1st payment$1,368.21$1,368.21$2,925.65
2nd payment$0.00$1,287.41$0.00
Taxes / mo$301.25$301.25$301.25
Insurance / mo$166.67$166.67$166.67
MI / mo$204.48$204.48$84.51
HOA / mo$115.33$115.33$115.33
Total monthly$2,155.93$3,443.34$3,593.41
Cash to close$240,062$46,950$46,950