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$241,612$241,612$405,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$163,388$0
Funding fee$0$0$0
Note rate3.730%3.730%7.320%
Blended rate4.580%5.960%7.560%
1st payment$1,227.28$1,227.28$2,782.07
2nd payment$0.00$1,089.25$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,947.02$3,036.27$3,388.07
Cash to close$208,388$45,000$45,000