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$240,446$240,446$306,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$65,554$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%5.385%7.560%
1st payment$1,197.87$1,197.87$2,102.01
2nd payment$0.00$491.66$0.00
Taxes / mo$232.00$232.00$232.00
Insurance / mo$150.00$150.00$150.00
MI / mo$187.79$187.79$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,767.66$2,259.31$2,545.21
Cash to close$99,554$34,000$34,000