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$225,691$225,691$288,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$62,309$0
Funding fee$0$0$0
Note rate3.470%3.470%7.320%
Blended rate4.320%5.333%7.560%
1st payment$1,166.25$1,166.25$1,978.36
2nd payment$0.00$467.32$0.00
Taxes / mo$214.67$214.67$214.67
Insurance / mo$150.00$150.00$150.00
MI / mo$184.66$184.66$57.60
HOA / mo$25.00$25.00$25.00
Total monthly$1,740.58$2,207.89$2,425.63
Cash to close$94,309$32,000$32,000