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$223,216$223,216$422,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$198,884$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.070%7.640%
1st payment$1,157.01$1,157.01$2,922.54
2nd payment$0.00$1,325.89$0.00
Taxes / mo$223.75$223.75$223.75
Insurance / mo$166.67$166.67$166.67
MI / mo$182.51$182.51$84.42
HOA / mo$20.00$20.00$20.00
Total monthly$1,749.94$3,075.83$3,417.37
Cash to close$245,784$46,900$46,900