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$240,098$240,098$305,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$65,812$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%6.849%7.640%
1st payment$1,435.13$1,435.13$2,118.06
2nd payment$0.00$493.59$0.00
Taxes / mo$233.08$233.08$233.08
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$61.18
HOA / mo$26.17$26.17$26.17
Total monthly$2,025.21$2,518.80$2,588.49
Cash to close$99,802$33,990$33,990