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$238,075$238,075$391,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$153,425$0
Funding fee$0$0$0
Note rate3.110%3.110%7.320%
Blended rate3.960%5.543%7.560%
1st payment$1,127.84$1,127.84$2,689.33
2nd payment$0.00$1,022.83$0.00
Taxes / mo$362.50$362.50$362.50
Insurance / mo$150.00$150.00$150.00
MI / mo$186.85$186.85$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,827.19$2,850.02$3,280.13
Cash to close$196,925$43,500$43,500