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$218,835$218,835$404,910
Remaining term (yrs)20.120.130.0
Secondary amount$0$186,075$0
Funding fee$0$0$0
Note rate3.540%3.540%7.400%
Blended rate4.390%6.049%7.640%
1st payment$1,262.85$1,262.85$2,803.52
2nd payment$0.00$1,240.50$0.00
Taxes / mo$212.17$212.17$212.17
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,823.23$3,063.73$3,246.66
Cash to close$231,065$44,990$44,990