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$240,194$240,194$315,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$74,806$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%5.126%7.560%
1st payment$1,140.23$1,140.23$2,163.83
2nd payment$0.00$561.05$0.00
Taxes / mo$12.75$12.75$12.75
Insurance / mo$150.00$150.00$150.00
MI / mo$189.87$189.87$63.00
HOA / mo$8.33$8.33$8.33
Total monthly$1,501.18$2,062.23$2,397.91
Cash to close$109,806$35,000$35,000