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$242,055$242,055$360,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$117,945$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.297%7.640%
1st payment$1,199.15$1,199.15$2,492.57
2nd payment$0.00$786.30$0.00
Taxes / mo$359.92$359.92$359.92
Insurance / mo$150.00$150.00$150.00
MI / mo$198.16$198.16$72.00
HOA / mo$91.33$91.33$91.33
Total monthly$1,998.55$2,784.85$3,165.81
Cash to close$157,945$40,000$40,000