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$242,553$242,553$373,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$130,947$0
Funding fee$0$0$0
Note rate3.210%3.210%7.320%
Blended rate4.060%5.441%7.560%
1st payment$1,211.73$1,211.73$2,565.69
2nd payment$0.00$872.98$0.00
Taxes / mo$480.00$480.00$480.00
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,039.95$2,912.93$3,270.39
Cash to close$172,447$41,500$41,500