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$242,415$242,415$382,410
Remaining term (yrs)23.423.430.0
Secondary amount$0$139,995$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.750%7.640%
1st payment$1,272.27$1,272.27$2,647.73
2nd payment$0.00$933.30$0.00
Taxes / mo$354.08$354.08$354.08
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$76.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,974.57$2,907.87$3,228.29
Cash to close$182,485$42,490$42,490