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$232,201$232,201$283,788
Remaining term (yrs)23.623.630.0
Secondary amount$0$51,587$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.040%7.640%
1st payment$1,177.59$1,177.59$1,964.89
2nd payment$0.00$386.90$0.00
Taxes / mo$192.00$192.00$192.00
Insurance / mo$150.00$150.00$150.00
MI / mo$190.22$190.22$56.76
HOA / mo$0.00$0.00$0.00
Total monthly$1,709.81$2,096.70$2,363.65
Cash to close$83,119$31,532$31,532