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$222,777$222,777$358,200
Remaining term (yrs)24.124.130.0
Secondary amount$0$135,423$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.885%7.640%
1st payment$1,166.81$1,166.81$2,480.10
2nd payment$0.00$902.82$0.00
Taxes / mo$140.83$140.83$140.83
Insurance / mo$150.00$150.00$150.00
MI / mo$181.62$181.62$71.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,639.27$2,542.08$2,842.58
Cash to close$175,223$39,800$39,800