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$225,302$225,302$521,910
Remaining term (yrs)19.719.730.0
Secondary amount$0$296,608$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%6.325%7.560%
1st payment$1,325.84$1,325.84$3,585.16
2nd payment$0.00$1,915.60$0.00
Taxes / mo$203.00$203.00$203.00
Insurance / mo$166.67$166.67$166.67
MI / mo$206.56$206.56$104.38
HOA / mo$5.92$5.92$5.92
Total monthly$1,907.99$3,823.58$4,065.13
Cash to close$354,598$57,990$57,990