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$240,181$240,181$372,510
Remaining term (yrs)23.923.930.0
Secondary amount$0$132,329$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.286%7.640%
1st payment$1,160.71$1,160.71$2,579.18
2nd payment$0.00$882.19$0.00
Taxes / mo$270.42$270.42$270.42
Insurance / mo$150.00$150.00$150.00
MI / mo$196.52$196.52$74.50
HOA / mo$73.67$73.67$73.67
Total monthly$1,851.31$2,733.50$3,147.77
Cash to close$173,719$41,390$41,390