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$237,644$237,644$315,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$77,356$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.183%7.640%
1st payment$1,130.62$1,130.62$2,181.00
2nd payment$0.00$580.17$0.00
Taxes / mo$300.42$300.42$300.42
Insurance / mo$150.00$150.00$150.00
MI / mo$187.79$187.79$63.00
HOA / mo$21.67$21.67$21.67
Total monthly$1,790.49$2,370.66$2,716.08
Cash to close$112,356$35,000$35,000