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$219,085$219,085$448,200
Remaining term (yrs)18.518.530.0
Secondary amount$0$229,115$0
Funding fee$0$0$0
Note rate3.700%3.700%7.320%
Blended rate4.550%6.186%7.560%
1st payment$1,355.84$1,355.84$3,078.82
2nd payment$0.00$1,479.70$0.00
Taxes / mo$415.00$415.00$415.00
Insurance / mo$166.67$166.67$166.67
MI / mo$208.65$208.65$89.64
HOA / mo$0.00$0.00$0.00
Total monthly$2,146.15$3,625.86$3,750.13
Cash to close$278,915$49,800$49,800