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$240,497$240,497$283,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$43,003$0
Funding fee$0$0$0
Note rate4.720%4.720%7.400%
Blended rate5.570%6.090%7.640%
1st payment$1,346.17$1,346.17$1,962.90
2nd payment$0.00$322.52$0.00
Taxes / mo$313.00$313.00$313.00
Insurance / mo$150.00$150.00$150.00
MI / mo$183.43$183.43$56.70
HOA / mo$260.00$260.00$260.00
Total monthly$2,252.60$2,575.12$2,742.60
Cash to close$74,503$31,500$31,500