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$228,522$228,522$361,710
Remaining term (yrs)23.323.330.0
Secondary amount$0$133,188$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%5.839%7.640%
1st payment$1,220.65$1,220.65$2,504.41
2nd payment$0.00$887.92$0.00
Taxes / mo$259.92$259.92$259.92
Insurance / mo$150.00$150.00$150.00
MI / mo$187.16$187.16$72.34
HOA / mo$30.00$30.00$30.00
Total monthly$1,847.72$2,735.64$3,016.67
Cash to close$173,378$40,190$40,190