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$236,241$236,241$306,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$69,759$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%5.078%7.560%
1st payment$1,121.47$1,121.47$2,102.01
2nd payment$0.00$523.19$0.00
Taxes / mo$283.33$283.33$283.33
Insurance / mo$150.00$150.00$150.00
MI / mo$186.74$186.74$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,741.54$2,264.74$2,596.54
Cash to close$103,759$34,000$34,000