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$234,289$234,289$269,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$35,621$0
Funding fee$0$0$0
Note rate3.040%3.040%7.400%
Blended rate3.890%4.564%7.640%
1st payment$1,123.44$1,123.44$1,868.80
2nd payment$0.00$267.16$0.00
Taxes / mo$423.58$423.58$423.58
Insurance / mo$150.00$150.00$150.00
MI / mo$187.79$187.79$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,884.81$2,151.97$2,496.37
Cash to close$65,611$29,990$29,990