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$225,009$225,009$328,499
Remaining term (yrs)23.323.330.0
Secondary amount$0$103,490$0
Funding fee$0$0$0
Note rate3.740%3.740%7.400%
Blended rate4.590%5.664%7.640%
1st payment$1,203.09$1,203.09$2,274.46
2nd payment$0.00$689.93$0.00
Taxes / mo$198.58$198.58$198.58
Insurance / mo$150.00$150.00$150.00
MI / mo$184.24$184.24$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,735.91$2,425.85$2,688.74
Cash to close$139,990$36,500$36,500