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$221,756$221,756$350,100
Remaining term (yrs)22.922.930.0
Secondary amount$0$128,344$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%5.815%7.640%
1st payment$1,191.68$1,191.68$2,424.02
2nd payment$0.00$855.63$0.00
Taxes / mo$659.83$659.83$659.83
Insurance / mo$150.00$150.00$150.00
MI / mo$183.39$183.39$70.02
HOA / mo$7.33$7.33$7.33
Total monthly$2,192.23$3,047.86$3,311.21
Cash to close$167,244$38,900$38,900