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$232,408$232,408$423,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$190,592$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.731%7.640%
1st payment$1,135.41$1,135.41$2,928.77
2nd payment$0.00$1,270.61$0.00
Taxes / mo$196.33$196.33$196.33
Insurance / mo$166.67$166.67$166.67
MI / mo$190.27$190.27$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,688.68$2,959.30$3,376.37
Cash to close$237,592$47,000$47,000