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$234,561$234,561$359,550
Remaining term (yrs)23.923.930.0
Secondary amount$0$124,989$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.247%7.640%
1st payment$1,132.34$1,132.34$2,489.45
2nd payment$0.00$833.26$0.00
Taxes / mo$395.17$395.17$395.17
Insurance / mo$150.00$150.00$150.00
MI / mo$191.96$191.96$71.91
HOA / mo$0.00$0.00$0.00
Total monthly$1,869.47$2,702.73$3,106.53
Cash to close$164,939$39,950$39,950