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$240,550$240,550$324,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$83,450$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%5.622%7.560%
1st payment$1,268.19$1,268.19$2,225.66
2nd payment$0.00$625.87$0.00
Taxes / mo$750.58$750.58$750.58
Insurance / mo$150.00$150.00$150.00
MI / mo$197.58$197.58$64.80
HOA / mo$12.25$12.25$12.25
Total monthly$2,378.61$3,004.48$3,203.29
Cash to close$119,450$36,000$36,000