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$236,217$236,217$355,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$119,283$0
Funding fee$0$0$0
Note rate3.360%3.360%7.320%
Blended rate4.210%5.482%7.560%
1st payment$1,206.93$1,206.93$2,442.04
2nd payment$0.00$795.22$0.00
Taxes / mo$121.75$121.75$121.75
Insurance / mo$150.00$150.00$150.00
MI / mo$193.74$193.74$71.10
HOA / mo$214.00$214.00$214.00
Total monthly$1,886.42$2,681.64$2,998.89
Cash to close$158,783$39,500$39,500