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$229,460$229,460$373,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$144,040$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%5.641%7.560%
1st payment$1,163.69$1,163.69$2,565.69
2nd payment$0.00$960.26$0.00
Taxes / mo$186.42$186.42$186.42
Insurance / mo$150.00$150.00$150.00
MI / mo$187.97$187.97$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,688.08$2,648.34$2,976.80
Cash to close$185,540$41,500$41,500