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$222,874$222,874$387,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$164,126$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.800%7.640%
1st payment$1,135.24$1,135.24$2,679.51
2nd payment$0.00$1,094.17$0.00
Taxes / mo$358.33$358.33$358.33
Insurance / mo$150.00$150.00$150.00
MI / mo$182.92$182.92$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,826.49$2,920.67$3,265.24
Cash to close$207,126$43,000$43,000