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$242,222$242,222$369,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$126,778$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%5.381%7.640%
1st payment$1,203.76$1,203.76$2,554.88
2nd payment$0.00$845.18$0.00
Taxes / mo$146.42$146.42$146.42
Insurance / mo$150.00$150.00$150.00
MI / mo$198.16$198.16$73.80
HOA / mo$163.00$163.00$163.00
Total monthly$1,861.34$2,706.53$3,088.10
Cash to close$167,778$41,000$41,000