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$224,350$224,350$369,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$144,650$0
Funding fee$0$0$0
Note rate3.690%3.690%7.320%
Blended rate4.540%5.896%7.560%
1st payment$1,198.95$1,198.95$2,534.77
2nd payment$0.00$964.34$0.00
Taxes / mo$250.17$250.17$250.17
Insurance / mo$150.00$150.00$150.00
MI / mo$184.73$184.73$73.80
HOA / mo$47.33$47.33$47.33
Total monthly$1,831.18$2,795.51$3,056.07
Cash to close$185,650$41,000$41,000