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$238,486$238,486$283,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$45,014$0
Funding fee$0$0$0
Note rate3.140%3.140%7.320%
Blended rate3.990%4.785%7.560%
1st payment$1,140.88$1,140.88$1,947.45
2nd payment$0.00$337.61$0.00
Taxes / mo$303.75$303.75$303.75
Insurance / mo$150.00$150.00$150.00
MI / mo$188.29$188.29$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,782.92$2,120.53$2,457.90
Cash to close$76,514$31,500$31,500