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$241,270$241,270$405,000
Remaining term (yrs)21.221.230.0
Secondary amount$0$163,730$0
Funding fee$0$0$0
Note rate3.920%3.920%7.320%
Blended rate4.770%6.076%7.560%
1st payment$1,392.28$1,392.28$2,782.07
2nd payment$0.00$1,091.53$0.00
Taxes / mo$487.67$487.67$487.67
Insurance / mo$150.00$150.00$150.00
MI / mo$208.58$208.58$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,238.53$3,330.06$3,500.74
Cash to close$208,730$45,000$45,000