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$235,872$235,872$382,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$146,628$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.644%7.640%
1st payment$1,198.68$1,198.68$2,648.35
2nd payment$0.00$977.52$0.00
Taxes / mo$215.33$215.33$215.33
Insurance / mo$150.00$150.00$150.00
MI / mo$193.14$193.14$76.50
HOA / mo$16.67$16.67$16.67
Total monthly$1,773.82$2,751.34$3,106.86
Cash to close$189,128$42,500$42,500