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$234,316$234,316$377,100
Remaining term (yrs)20.920.930.0
Secondary amount$0$142,784$0
Funding fee$0$0$0
Note rate3.860%3.860%7.400%
Blended rate4.710%5.956%7.640%
1st payment$1,354.98$1,354.98$2,610.96
2nd payment$0.00$951.89$0.00
Taxes / mo$307.25$307.25$307.25
Insurance / mo$150.00$150.00$150.00
MI / mo$204.48$204.48$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,016.70$2,968.60$3,143.63
Cash to close$184,684$41,900$41,900