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$243,374$243,374$445,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$202,126$0
Funding fee$0$0$0
Note rate3.240%3.240%7.320%
Blended rate4.090%5.751%7.560%
1st payment$1,222.47$1,222.47$3,060.28
2nd payment$0.00$1,305.40$0.00
Taxes / mo$412.50$412.50$412.50
Insurance / mo$166.67$166.67$166.67
MI / mo$199.22$199.22$89.10
HOA / mo$505.00$505.00$505.00
Total monthly$2,505.86$3,811.26$4,233.54
Cash to close$251,626$49,500$49,500