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$222,214$222,214$369,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$146,786$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%5.886%7.640%
1st payment$1,184.31$1,184.31$2,554.88
2nd payment$0.00$978.58$0.00
Taxes / mo$344.42$344.42$344.42
Insurance / mo$150.00$150.00$150.00
MI / mo$183.61$183.61$73.80
HOA / mo$180.00$180.00$180.00
Total monthly$2,042.33$3,020.91$3,303.10
Cash to close$187,786$41,000$41,000