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$223,892$223,892$328,499
Remaining term (yrs)23.423.430.0
Secondary amount$0$104,607$0
Funding fee$0$0$0
Note rate3.300%3.300%7.320%
Blended rate4.150%5.376%7.560%
1st payment$1,139.56$1,139.56$2,256.56
2nd payment$0.00$697.38$0.00
Taxes / mo$266.58$266.58$266.58
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,740.45$2,437.83$2,738.84
Cash to close$141,107$36,500$36,500