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$231,373$231,373$387,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$155,627$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%5.890%7.640%
1st payment$1,230.67$1,230.67$2,679.51
2nd payment$0.00$1,037.51$0.00
Taxes / mo$358.33$358.33$358.33
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,930.26$2,967.77$3,265.24
Cash to close$198,627$43,000$43,000