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$241,668$241,668$319,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$77,832$0
Funding fee$0$0$0
Note rate3.150%3.150%7.320%
Blended rate4.000%5.218%7.560%
1st payment$1,202.56$1,202.56$2,194.74
2nd payment$0.00$583.74$0.00
Taxes / mo$330.08$330.08$330.08
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,880.86$2,464.60$2,738.73
Cash to close$113,332$35,500$35,500