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$231,707$231,707$261,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$29,293$0
Funding fee$0$0$0
Note rate3.850%3.850%7.240%
Blended rate4.700%5.183%7.480%
1st payment$1,187.61$1,187.61$1,778.71
2nd payment$0.00$219.70$0.00
Taxes / mo$241.67$241.67$241.67
Insurance / mo$150.00$150.00$150.00
MI / mo$179.44$179.44$52.20
HOA / mo$41.67$41.67$41.67
Total monthly$1,800.39$2,020.09$2,264.25
Cash to close$58,293$29,000$29,000