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$225,248$225,248$297,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$71,752$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%5.678%7.640%
1st payment$1,221.65$1,221.65$2,056.37
2nd payment$0.00$538.14$0.00
Taxes / mo$267.45$267.45$267.45
Insurance / mo$150.00$150.00$150.00
MI / mo$186.39$186.39$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,825.49$2,363.63$2,533.21
Cash to close$104,752$33,000$33,000