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$232,221$232,221$373,499
Remaining term (yrs)23.823.830.0
Secondary amount$0$141,278$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%5.463%7.560%
1st payment$1,143.20$1,143.20$2,565.68
2nd payment$0.00$941.86$0.00
Taxes / mo$395.42$395.42$395.42
Insurance / mo$150.00$150.00$150.00
MI / mo$190.36$190.36$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,878.97$2,820.83$3,185.80
Cash to close$182,778$41,500$41,500