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$242,636$242,636$278,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$35,464$0
Funding fee$0$0$0
Note rate3.760%3.760%7.320%
Blended rate4.610%5.170%7.560%
1st payment$1,229.27$1,229.27$1,910.35
2nd payment$0.00$265.98$0.00
Taxes / mo$109.92$109.92$109.92
Insurance / mo$150.00$150.00$150.00
MI / mo$187.79$187.79$55.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,676.97$1,942.95$2,225.89
Cash to close$66,364$30,900$30,900