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$242,293$242,293$315,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$72,707$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.093%7.640%
1st payment$1,189.98$1,189.98$2,181.00
2nd payment$0.00$545.30$0.00
Taxes / mo$225.83$225.83$225.83
Insurance / mo$150.00$150.00$150.00
MI / mo$198.15$198.15$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,763.96$2,309.26$2,619.83
Cash to close$107,707$35,000$35,000