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$240,309$240,309$364,410
Remaining term (yrs)23.523.530.0
Secondary amount$0$124,101$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%5.593%7.640%
1st payment$1,245.61$1,245.61$2,523.10
2nd payment$0.00$827.34$0.00
Taxes / mo$315.00$315.00$315.00
Insurance / mo$150.00$150.00$150.00
MI / mo$196.49$196.49$72.88
HOA / mo$86.67$86.67$86.67
Total monthly$1,993.77$2,821.11$3,147.65
Cash to close$164,591$40,490$40,490