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$238,292$238,292$355,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$117,208$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%5.299%7.640%
1st payment$1,132.55$1,132.55$2,461.41
2nd payment$0.00$781.39$0.00
Taxes / mo$185.67$185.67$185.67
Insurance / mo$150.00$150.00$150.00
MI / mo$187.39$187.39$71.10
HOA / mo$75.00$75.00$75.00
Total monthly$1,730.60$2,511.99$2,943.18
Cash to close$156,708$39,500$39,500