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$234,656$234,656$333,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$98,344$0
Funding fee$0$0$0
Note rate3.730%3.730%7.320%
Blended rate4.580%5.885%7.560%
1st payment$1,261.89$1,261.89$2,287.48
2nd payment$0.00$737.58$0.00
Taxes / mo$398.67$398.67$398.67
Insurance / mo$150.00$150.00$150.00
MI / mo$193.48$193.48$66.60
HOA / mo$70.00$70.00$70.00
Total monthly$2,074.04$2,811.62$2,972.75
Cash to close$135,344$37,000$37,000