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$234,546$234,546$292,410
Remaining term (yrs)25.525.530.0
Secondary amount$0$57,864$0
Funding fee$0$0$0
Note rate3.850%3.850%7.320%
Blended rate4.700%5.551%7.560%
1st payment$1,199.87$1,199.87$2,008.65
2nd payment$0.00$433.98$0.00
Taxes / mo$184.17$184.17$184.17
Insurance / mo$150.00$150.00$150.00
MI / mo$181.29$181.29$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,715.33$2,149.31$2,401.30
Cash to close$90,354$32,490$32,490