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$242,513$242,513$400,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$157,987$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.566%7.640%
1st payment$1,182.21$1,182.21$2,772.98
2nd payment$0.00$1,053.24$0.00
Taxes / mo$370.83$370.83$370.83
Insurance / mo$150.00$150.00$150.00
MI / mo$195.36$195.36$80.10
HOA / mo$380.00$380.00$380.00
Total monthly$2,278.40$3,331.65$3,753.91
Cash to close$202,487$44,500$44,500