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$230,874$230,874$441,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$210,126$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.708%7.640%
1st payment$1,170.87$1,170.87$3,053.39
2nd payment$0.00$1,357.06$0.00
Taxes / mo$555.00$555.00$555.00
Insurance / mo$166.67$166.67$166.67
MI / mo$188.38$188.38$88.20
HOA / mo$46.67$46.67$46.67
Total monthly$2,127.59$3,484.65$3,909.93
Cash to close$259,126$49,000$49,000