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$220,058$220,058$283,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$63,442$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%5.499%7.560%
1st payment$1,162.23$1,162.23$1,947.45
2nd payment$0.00$475.81$0.00
Taxes / mo$472.50$472.50$472.50
Insurance / mo$150.00$150.00$150.00
MI / mo$180.18$180.18$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,964.91$2,440.72$2,626.65
Cash to close$94,942$31,500$31,500