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$238,419$238,419$337,410
Remaining term (yrs)25.225.230.0
Secondary amount$0$98,991$0
Funding fee$0$0$0
Note rate3.380%3.380%7.320%
Blended rate4.230%5.629%7.560%
1st payment$1,168.43$1,168.43$2,317.77
2nd payment$0.00$742.44$0.00
Taxes / mo$473.83$473.83$473.83
Insurance / mo$150.00$150.00$150.00
MI / mo$187.09$187.09$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,979.35$2,721.79$3,009.09
Cash to close$136,481$37,490$37,490