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$236,213$236,213$400,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$164,287$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.588%7.640%
1st payment$1,132.58$1,132.58$2,772.98
2nd payment$0.00$1,095.25$0.00
Taxes / mo$361.00$361.00$361.00
Insurance / mo$150.00$150.00$150.00
MI / mo$188.83$188.83$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,832.41$2,927.65$3,364.08
Cash to close$208,787$44,500$44,500