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$242,674$242,674$355,496
Remaining term (yrs)23.723.730.0
Secondary amount$0$112,821$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.290%7.640%
1st payment$1,211.36$1,211.36$2,461.38
2nd payment$0.00$752.14$0.00
Taxes / mo$498.33$498.33$498.33
Insurance / mo$150.00$150.00$150.00
MI / mo$198.91$198.91$71.10
HOA / mo$45.00$45.00$45.00
Total monthly$2,103.60$2,855.74$3,225.81
Cash to close$152,321$39,500$39,500