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$232,810$232,810$386,100
Remaining term (yrs)23.023.030.0
Secondary amount$0$153,290$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%5.938%7.640%
1st payment$1,251.97$1,251.97$2,673.28
2nd payment$0.00$1,021.93$0.00
Taxes / mo$154.08$154.08$154.08
Insurance / mo$150.00$150.00$150.00
MI / mo$191.96$191.96$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,748.01$2,769.94$3,054.58
Cash to close$196,190$42,900$42,900