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$233,117$233,117$414,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$180,883$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%5.680%7.640%
1st payment$1,142.78$1,142.78$2,866.45
2nd payment$0.00$1,205.89$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$191.26$191.26$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,884.05$3,089.94$3,499.25
Cash to close$226,883$46,000$46,000