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$218,696$218,696$404,100
Remaining term (yrs)20.120.130.0
Secondary amount$0$185,404$0
Funding fee$0$0$0
Note rate3.540%3.540%7.320%
Blended rate4.390%6.046%7.560%
1st payment$1,262.05$1,262.05$2,775.89
2nd payment$0.00$1,236.03$0.00
Taxes / mo$511.42$511.42$511.42
Insurance / mo$150.00$150.00$150.00
MI / mo$198.09$198.09$80.82
HOA / mo$77.00$77.00$77.00
Total monthly$2,198.55$3,434.58$3,595.12
Cash to close$230,304$44,900$44,900