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$240,127$240,127$395,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$155,783$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.447%7.640%
1st payment$1,136.37$1,136.37$2,741.20
2nd payment$0.00$1,038.56$0.00
Taxes / mo$258.58$258.58$258.58
Insurance / mo$150.00$150.00$150.00
MI / mo$192.39$192.39$79.18
HOA / mo$63.67$63.67$63.67
Total monthly$1,801.02$2,839.58$3,292.64
Cash to close$199,773$43,990$43,990