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$232,033$232,033$247,410
Remaining term (yrs)25.425.430.0
Secondary amount$0$29,122$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.145%7.640%
1st payment$1,138.82$1,138.82$1,713.02
2nd payment$0.00$288.18$0.00
Taxes / mo$115.75$115.75$115.75
Insurance / mo$150.00$150.00$150.00
MI / mo$180.76$180.76$49.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,585.33$1,873.51$2,028.25
Cash to close$42,867$13,745$27,490