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$223,644$223,644$303,300
Remaining term (yrs)24.724.730.0
Secondary amount$0$79,656$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%5.571%7.640%
1st payment$1,124.32$1,124.32$2,099.99
2nd payment$0.00$597.42$0.00
Taxes / mo$394.17$394.17$394.17
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$60.66
HOA / mo$66.67$66.67$66.67
Total monthly$1,912.51$2,509.93$2,771.48
Cash to close$113,356$33,700$33,700