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$240,547$240,547$368,100
Remaining term (yrs)22.822.830.0
Secondary amount$0$127,553$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%5.778%7.560%
1st payment$1,305.04$1,305.04$2,528.59
2nd payment$0.00$850.36$0.00
Taxes / mo$242.83$242.83$242.83
Insurance / mo$150.00$150.00$150.00
MI / mo$199.60$199.60$73.62
HOA / mo$8.33$8.33$8.33
Total monthly$1,905.80$2,756.16$3,003.37
Cash to close$168,453$40,900$40,900