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$238,786$238,786$286,200
Remaining term (yrs)25.325.330.0
Secondary amount$0$47,414$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%4.803%7.640%
1st payment$1,134.90$1,134.90$1,981.59
2nd payment$0.00$355.60$0.00
Taxes / mo$334.74$334.74$334.74
Insurance / mo$150.00$150.00$150.00
MI / mo$187.78$187.78$57.24
HOA / mo$0.00$0.00$0.00
Total monthly$1,807.41$2,163.01$2,523.57
Cash to close$79,214$31,800$31,800