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$225,875$225,875$837,000
Remaining term (yrs)16.416.430.0
Secondary amount$0$611,125$0
Funding fee$0$0$0
Note rate3.380%3.380%7.400%
Blended rate4.230%6.800%7.640%
1st payment$1,489.87$1,489.87$5,795.22
2nd payment$0.00$3,946.85$0.00
Taxes / mo$775.00$775.00$775.00
Insurance / mo$216.67$216.67$216.67
MI / mo$238.56$238.56$167.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,720.09$6,666.95$6,954.29
Cash to close$704,125$93,000$93,000