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$237,369$237,369$385,200
Remaining term (yrs)23.423.430.0
Secondary amount$0$147,831$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.720%7.640%
1st payment$1,226.89$1,226.89$2,667.05
2nd payment$0.00$985.54$0.00
Taxes / mo$356.67$356.67$356.67
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$77.04
HOA / mo$0.00$0.00$0.00
Total monthly$1,928.30$2,913.83$3,250.75
Cash to close$190,631$42,800$42,800