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$232,518$232,518$355,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$122,982$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.279%7.640%
1st payment$1,132.35$1,132.35$2,461.41
2nd payment$0.00$819.88$0.00
Taxes / mo$249.75$249.75$249.75
Insurance / mo$150.00$150.00$150.00
MI / mo$190.49$190.49$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,722.59$2,542.47$2,932.26
Cash to close$162,482$39,500$39,500