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$222,785$222,785$314,996
Remaining term (yrs)23.423.430.0
Secondary amount$0$92,210$0
Funding fee$0$0$0
Note rate3.300%3.300%7.320%
Blended rate4.150%5.570%7.560%
1st payment$1,133.92$1,133.92$2,163.80
2nd payment$0.00$691.58$0.00
Taxes / mo$454.17$454.17$454.17
Insurance / mo$150.00$150.00$150.00
MI / mo$183.40$183.40$63.00
HOA / mo$8.33$8.33$8.33
Total monthly$1,929.82$2,621.39$2,839.30
Cash to close$127,210$35,000$35,000