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$235,799$235,799$364,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$128,701$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.671%7.640%
1st payment$1,172.35$1,172.35$2,523.72
2nd payment$0.00$858.01$0.00
Taxes / mo$391.08$391.08$391.08
Insurance / mo$150.00$150.00$150.00
MI / mo$183.79$183.79$72.90
HOA / mo$30.00$30.00$30.00
Total monthly$1,927.22$2,785.23$3,167.71
Cash to close$169,201$40,500$40,500