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$233,877$233,877$385,650
Remaining term (yrs)23.123.130.0
Secondary amount$0$151,773$0
Funding fee$0$0$0
Note rate3.690%3.690%7.320%
Blended rate4.540%5.902%7.560%
1st payment$1,249.86$1,249.86$2,649.15
2nd payment$0.00$1,011.82$0.00
Taxes / mo$358.00$358.00$358.00
Insurance / mo$150.00$150.00$150.00
MI / mo$192.58$192.58$77.13
HOA / mo$75.00$75.00$75.00
Total monthly$2,025.44$3,037.26$3,309.28
Cash to close$194,623$42,850$42,850