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$234,065$234,065$292,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$58,435$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.239%7.640%
1st payment$1,148.79$1,148.79$2,025.21
2nd payment$0.00$438.26$0.00
Taxes / mo$132.58$132.58$132.58
Insurance / mo$150.00$150.00$150.00
MI / mo$182.34$182.34$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,613.72$2,051.98$2,366.29
Cash to close$90,935$32,500$32,500