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$222,148$222,148$346,500
Remaining term (yrs)20.820.830.0
Secondary amount$0$124,352$0
Funding fee$0$0$0
Note rate3.880%3.880%7.320%
Blended rate4.730%5.904%7.560%
1st payment$1,293.60$1,293.60$2,380.21
2nd payment$0.00$829.01$0.00
Taxes / mo$514.00$514.00$514.00
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$69.30
HOA / mo$143.33$143.33$143.33
Total monthly$2,295.67$3,124.68$3,256.84
Cash to close$162,852$38,500$38,500