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$235,019$235,019$256,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$35,731$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%4.970%7.560%
1st payment$1,113.24$1,113.24$1,761.98
2nd payment$0.00$353.59$0.00
Taxes / mo$292.17$292.17$292.17
Insurance / mo$150.00$150.00$150.00
MI / mo$185.37$185.37$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,740.77$2,094.36$2,255.44
Cash to close$49,981$14,250$28,500