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$240,373$240,373$310,050
Remaining term (yrs)25.425.430.0
Secondary amount$0$69,677$0
Funding fee$0$0$0
Note rate3.760%3.760%7.320%
Blended rate4.610%5.597%7.560%
1st payment$1,220.16$1,220.16$2,129.83
2nd payment$0.00$522.58$0.00
Taxes / mo$439.83$439.83$439.83
Insurance / mo$150.00$150.00$150.00
MI / mo$186.39$186.39$62.01
HOA / mo$0.00$0.00$0.00
Total monthly$1,996.38$2,518.95$2,781.66
Cash to close$104,127$34,450$34,450