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$243,743$243,743$310,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$66,757$0
Funding fee$0$0$0
Note rate3.180%3.180%7.320%
Blended rate4.030%5.099%7.560%
1st payment$1,216.69$1,216.69$2,132.92
2nd payment$0.00$500.68$0.00
Taxes / mo$210.67$210.67$210.67
Insurance / mo$150.00$150.00$150.00
MI / mo$199.79$199.79$62.10
HOA / mo$339.00$339.00$339.00
Total monthly$2,116.15$2,616.82$2,894.69
Cash to close$101,257$34,500$34,500