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$228,977$228,977$310,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$81,523$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.645%7.640%
1st payment$1,218.30$1,218.30$2,149.84
2nd payment$0.00$611.42$0.00
Taxes / mo$387.58$387.58$387.58
Insurance / mo$150.00$150.00$150.00
MI / mo$189.81$189.81$62.10
HOA / mo$82.00$82.00$82.00
Total monthly$2,027.69$2,639.11$2,831.52
Cash to close$116,023$34,500$34,500