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$218,264$218,264$328,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$110,236$0
Funding fee$0$0$0
Note rate3.560%3.560%7.320%
Blended rate4.410%5.615%7.560%
1st payment$1,086.35$1,086.35$2,256.57
2nd payment$0.00$734.91$0.00
Taxes / mo$136.17$136.17$136.17
Insurance / mo$150.00$150.00$150.00
MI / mo$170.09$170.09$65.70
HOA / mo$25.00$25.00$25.00
Total monthly$1,567.61$2,302.52$2,633.43
Cash to close$146,736$36,500$36,500