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$228,050$228,050$296,010
Remaining term (yrs)25.325.330.0
Secondary amount$0$67,960$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%5.379%7.560%
1st payment$1,121.55$1,121.55$2,033.38
2nd payment$0.00$509.70$0.00
Taxes / mo$381.00$381.00$381.00
Insurance / mo$150.00$150.00$150.00
MI / mo$178.02$178.02$59.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,830.57$2,340.27$2,623.59
Cash to close$100,850$32,890$32,890