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$224,398$224,398$355,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$131,102$0
Funding fee$0$0$0
Note rate3.780%3.780%7.320%
Blended rate4.630%5.873%7.560%
1st payment$1,210.02$1,210.02$2,442.04
2nd payment$0.00$874.01$0.00
Taxes / mo$297.17$297.17$297.17
Insurance / mo$150.00$150.00$150.00
MI / mo$184.39$184.39$71.10
HOA / mo$48.33$48.33$48.33
Total monthly$1,889.91$2,763.93$3,008.64
Cash to close$170,602$39,500$39,500