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$222,334$222,334$255,600
Remaining term (yrs)23.523.530.0
Secondary amount$0$33,266$0
Funding fee$0$0$0
Note rate3.240%3.240%7.400%
Blended rate4.090%4.729%7.640%
1st payment$1,122.01$1,122.01$1,769.72
2nd payment$0.00$249.49$0.00
Taxes / mo$346.00$346.00$346.00
Insurance / mo$150.00$150.00$150.00
MI / mo$182.85$182.85$51.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,800.86$2,050.35$2,316.84
Cash to close$61,666$28,400$28,400