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$224,984$224,984$422,100
Remaining term (yrs)20.720.730.0
Secondary amount$0$197,116$0
Funding fee$0$0$0
Note rate3.990%3.990%7.320%
Blended rate4.840%6.316%7.560%
1st payment$1,326.61$1,326.61$2,899.53
2nd payment$0.00$1,314.11$0.00
Taxes / mo$369.08$369.08$369.08
Insurance / mo$166.67$166.67$166.67
MI / mo$197.07$197.07$84.42
HOA / mo$216.67$216.67$216.67
Total monthly$2,276.10$3,590.21$3,736.37
Cash to close$244,016$46,900$46,900