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$240,204$240,204$418,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$178,296$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.962%7.640%
1st payment$1,269.25$1,269.25$2,897.61
2nd payment$0.00$1,188.64$0.00
Taxes / mo$443.92$443.92$443.92
Insurance / mo$166.67$166.67$166.67
MI / mo$197.75$197.75$83.70
HOA / mo$64.17$64.17$64.17
Total monthly$2,141.75$3,330.39$3,656.06
Cash to close$224,796$46,500$46,500