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$216,761$216,761$446,400
Remaining term (yrs)23.023.030.0
Secondary amount$0$229,639$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%6.167%7.640%
1st payment$1,155.25$1,155.25$3,090.78
2nd payment$0.00$1,483.08$0.00
Taxes / mo$547.42$547.42$547.42
Insurance / mo$166.67$166.67$166.67
MI / mo$179.10$179.10$89.28
HOA / mo$90.00$90.00$90.00
Total monthly$2,138.44$3,621.52$3,984.15
Cash to close$279,239$49,600$49,600