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$216,644$216,644$372,510
Remaining term (yrs)22.822.830.0
Secondary amount$0$155,866$0
Funding fee$0$0$0
Note rate3.990%3.990%7.320%
Blended rate4.840%6.162%7.560%
1st payment$1,203.33$1,203.33$2,558.89
2nd payment$0.00$1,039.11$0.00
Taxes / mo$323.25$323.25$323.25
Insurance / mo$150.00$150.00$150.00
MI / mo$178.75$178.75$74.50
HOA / mo$116.67$116.67$116.67
Total monthly$1,972.00$3,011.11$3,223.31
Cash to close$197,256$41,390$41,390