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$231,536$231,536$315,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$83,464$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%5.692%7.560%
1st payment$1,235.23$1,235.23$2,163.83
2nd payment$0.00$625.98$0.00
Taxes / mo$171.83$171.83$171.83
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,748.32$2,374.31$2,548.66
Cash to close$118,464$35,000$35,000