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$237,480$237,480$395,100
Remaining term (yrs)21.021.030.0
Secondary amount$0$157,620$0
Funding fee$0$0$0
Note rate3.780%3.780%7.320%
Blended rate4.630%5.974%7.560%
1st payment$1,359.74$1,359.74$2,714.06
2nd payment$0.00$1,050.80$0.00
Taxes / mo$261.17$261.17$261.17
Insurance / mo$150.00$150.00$150.00
MI / mo$207.21$207.21$79.02
HOA / mo$22.67$22.67$22.67
Total monthly$2,000.79$3,051.59$3,226.92
Cash to close$201,520$43,900$43,900