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$239,868$239,868$337,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$97,632$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%6.008%7.560%
1st payment$1,408.02$1,408.02$2,318.39
2nd payment$0.00$732.24$0.00
Taxes / mo$206.25$206.25$206.25
Insurance / mo$150.00$150.00$150.00
MI / mo$210.43$210.43$67.50
HOA / mo$50.00$50.00$50.00
Total monthly$2,024.70$2,756.94$2,792.14
Cash to close$135,132$37,500$37,500