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$230,578$230,578$350,100
Remaining term (yrs)20.820.830.0
Secondary amount$0$119,522$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%5.892%7.640%
1st payment$1,351.23$1,351.23$2,424.02
2nd payment$0.00$796.81$0.00
Taxes / mo$324.17$324.17$324.17
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,027.09$2,823.91$2,968.21
Cash to close$158,422$38,900$38,900