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$226,460$226,460$256,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$30,040$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.124%7.640%
1st payment$1,147.31$1,147.31$1,775.95
2nd payment$0.00$225.30$0.00
Taxes / mo$178.17$178.17$178.17
Insurance / mo$150.00$150.00$150.00
MI / mo$175.27$175.27$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,650.75$1,876.04$2,155.42
Cash to close$58,540$28,500$28,500