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$232,799$232,799$414,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$181,201$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.032%7.640%
1st payment$1,241.97$1,241.97$2,866.45
2nd payment$0.00$1,208.01$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$192.31$192.31$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,984.27$3,192.28$3,499.25
Cash to close$227,201$46,000$46,000