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$238,402$238,402$315,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$76,598$0
Funding fee$0$0$0
Note rate3.230%3.230%7.320%
Blended rate4.080%5.276%7.560%
1st payment$1,193.49$1,193.49$2,163.83
2nd payment$0.00$574.48$0.00
Taxes / mo$179.67$179.67$179.67
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$63.00
HOA / mo$324.00$324.00$324.00
Total monthly$2,041.90$2,616.38$2,880.50
Cash to close$111,598$35,000$35,000