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$230,771$230,771$322,199
Remaining term (yrs)22.822.830.0
Secondary amount$0$91,428$0
Funding fee$0$0$0
Note rate3.800%3.800%7.320%
Blended rate4.650%5.884%7.560%
1st payment$1,258.17$1,258.17$2,213.28
2nd payment$0.00$685.71$0.00
Taxes / mo$208.33$208.33$208.33
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$64.44
HOA / mo$687.00$687.00$687.00
Total monthly$2,494.77$3,180.48$3,323.06
Cash to close$127,228$35,800$35,800