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$236,858$236,858$382,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$145,642$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.857%7.640%
1st payment$1,193.26$1,193.26$2,648.35
2nd payment$0.00$970.94$0.00
Taxes / mo$247.92$247.92$247.92
Insurance / mo$150.00$150.00$150.00
MI / mo$183.86$183.86$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,775.04$2,745.98$3,122.77
Cash to close$188,142$42,500$42,500