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$217,788$217,788$427,498
Remaining term (yrs)22.922.930.0
Secondary amount$0$209,710$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%6.069%7.560%
1st payment$1,158.77$1,158.77$2,936.62
2nd payment$0.00$1,354.38$0.00
Taxes / mo$93.00$93.00$93.00
Insurance / mo$166.67$166.67$166.67
MI / mo$180.54$180.54$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,598.97$2,953.35$3,281.78
Cash to close$257,210$47,500$47,500