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$231,694$231,694$360,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$128,306$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.477%7.640%
1st payment$1,162.60$1,162.60$2,492.57
2nd payment$0.00$855.37$0.00
Taxes / mo$200.83$200.83$200.83
Insurance / mo$150.00$150.00$150.00
MI / mo$189.70$189.70$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,703.13$2,558.50$2,915.40
Cash to close$168,306$40,000$40,000