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$235,436$235,436$377,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$142,474$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.695%7.640%
1st payment$1,157.87$1,157.87$2,616.57
2nd payment$0.00$949.83$0.00
Taxes / mo$391.08$391.08$391.08
Insurance / mo$150.00$150.00$150.00
MI / mo$183.79$183.79$75.58
HOA / mo$30.00$30.00$30.00
Total monthly$1,912.74$2,862.57$3,263.24
Cash to close$184,464$41,990$41,990