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$230,105$230,105$395,910
Remaining term (yrs)23.323.330.0
Secondary amount$0$165,805$0
Funding fee$0$0$0
Note rate3.740%3.740%7.400%
Blended rate4.590%6.018%7.640%
1st payment$1,230.34$1,230.34$2,741.20
2nd payment$0.00$1,105.36$0.00
Taxes / mo$131.33$131.33$131.33
Insurance / mo$150.00$150.00$150.00
MI / mo$188.41$188.41$79.18
HOA / mo$20.83$20.83$20.83
Total monthly$1,720.92$2,826.28$3,122.55
Cash to close$209,795$43,990$43,990