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$223,810$223,810$351,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$127,190$0
Funding fee$0$0$0
Note rate3.330%3.330%7.320%
Blended rate4.180%5.564%7.560%
1st payment$1,137.38$1,137.38$2,411.13
2nd payment$0.00$847.93$0.00
Taxes / mo$276.06$276.06$276.06
Insurance / mo$150.00$150.00$150.00
MI / mo$183.26$183.26$70.20
HOA / mo$39.42$39.42$39.42
Total monthly$1,786.13$2,634.06$2,946.81
Cash to close$166,190$39,000$39,000