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$238,134$238,134$337,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$99,366$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.402%7.640%
1st payment$1,145.71$1,145.71$2,336.78
2nd payment$0.00$745.24$0.00
Taxes / mo$338.83$338.83$338.83
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$67.50
HOA / mo$0.83$0.83$0.83
Total monthly$1,826.63$2,571.87$2,893.95
Cash to close$136,866$37,500$37,500