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$228,049$228,049$364,500
Remaining term (yrs)21.021.030.0
Secondary amount$0$136,451$0
Funding fee$0$0$0
Note rate3.830%3.830%7.320%
Blended rate4.680%5.923%7.560%
1st payment$1,311.75$1,311.75$2,503.86
2nd payment$0.00$909.68$0.00
Taxes / mo$168.83$168.83$168.83
Insurance / mo$150.00$150.00$150.00
MI / mo$198.68$198.68$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,829.27$2,738.94$2,895.60
Cash to close$176,951$40,500$40,500