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$240,551$240,551$269,550
Remaining term (yrs)24.724.730.0
Secondary amount$0$28,999$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%4.458%7.640%
1st payment$1,153.38$1,153.38$1,866.31
2nd payment$0.00$217.49$0.00
Taxes / mo$705.08$705.08$705.08
Insurance / mo$150.00$150.00$150.00
MI / mo$192.30$192.30$53.91
HOA / mo$12.33$12.33$12.33
Total monthly$2,213.09$2,430.58$2,787.63
Cash to close$58,949$29,950$29,950