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$241,623$241,623$359,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$117,477$0
Funding fee$0$0$0
Note rate3.060%3.060%7.320%
Blended rate3.910%5.248%7.560%
1st payment$1,158.51$1,158.51$2,466.77
2nd payment$0.00$783.18$0.00
Taxes / mo$433.81$433.81$433.81
Insurance / mo$150.00$150.00$150.00
MI / mo$193.16$193.16$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,935.48$2,718.66$3,122.40
Cash to close$157,377$39,900$39,900