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$242,957$242,957$422,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$179,953$0
Funding fee$0$0$0
Note rate3.230%3.230%7.320%
Blended rate4.080%5.748%7.560%
1st payment$1,219.11$1,219.11$2,905.10
2nd payment$0.00$1,199.69$0.00
Taxes / mo$155.00$155.00$155.00
Insurance / mo$166.67$166.67$166.67
MI / mo$198.92$198.92$84.58
HOA / mo$106.00$106.00$106.00
Total monthly$1,845.70$3,045.39$3,417.35
Cash to close$226,943$46,990$46,990