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$224,508$224,508$351,000
Remaining term (yrs)20.820.830.0
Secondary amount$0$126,492$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%5.921%7.560%
1st payment$1,309.71$1,309.71$2,411.13
2nd payment$0.00$843.28$0.00
Taxes / mo$300.25$300.25$300.25
Insurance / mo$150.00$150.00$150.00
MI / mo$196.69$196.69$70.20
HOA / mo$28.33$28.33$28.33
Total monthly$1,984.98$2,828.26$2,959.91
Cash to close$165,492$39,000$39,000