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$239,077$239,077$391,500
Remaining term (yrs)21.221.230.0
Secondary amount$0$152,423$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%6.040%7.560%
1st payment$1,382.17$1,382.17$2,689.33
2nd payment$0.00$1,016.15$0.00
Taxes / mo$543.25$543.25$543.25
Insurance / mo$150.00$150.00$150.00
MI / mo$206.56$206.56$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,281.98$3,298.14$3,460.88
Cash to close$195,923$43,500$43,500