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$240,852$240,852$409,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$168,648$0
Funding fee$0$0$0
Note rate3.210%3.210%7.400%
Blended rate4.060%5.683%7.640%
1st payment$1,203.23$1,203.23$2,835.30
2nd payment$0.00$1,124.32$0.00
Taxes / mo$353.75$353.75$353.75
Insurance / mo$166.67$166.67$166.67
MI / mo$196.83$196.83$81.90
HOA / mo$160.00$160.00$160.00
Total monthly$2,080.48$3,204.80$3,597.61
Cash to close$214,148$45,500$45,500