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$240,719$240,719$265,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$39,531$0
Funding fee$0$0$0
Note rate3.090%3.090%7.320%
Blended rate3.940%5.059%7.560%
1st payment$1,142.76$1,142.76$1,823.80
2nd payment$0.00$391.19$0.00
Taxes / mo$407.00$407.00$407.00
Insurance / mo$150.00$150.00$150.00
MI / mo$189.80$189.80$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,889.56$2,280.76$2,433.90
Cash to close$54,281$14,750$29,500