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$231,023$231,023$369,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$137,977$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.871%7.640%
1st payment$1,250.50$1,250.50$2,554.88
2nd payment$0.00$919.85$0.00
Taxes / mo$341.67$341.67$341.67
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,933.43$2,853.28$3,120.35
Cash to close$178,977$41,000$41,000