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$214,371$214,371$537,750
Remaining term (yrs)19.919.930.0
Secondary amount$0$323,379$0
Funding fee$0$0$0
Note rate3.370%3.370%7.320%
Blended rate4.220%6.343%7.560%
1st payment$1,225.42$1,225.42$3,693.97
2nd payment$0.00$2,088.49$0.00
Taxes / mo$233.83$233.83$233.83
Insurance / mo$166.67$166.67$166.67
MI / mo$196.46$196.46$107.55
HOA / mo$0.00$0.00$0.00
Total monthly$1,822.38$3,910.87$4,202.02
Cash to close$383,129$59,750$59,750