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$241,604$241,604$283,455
Remaining term (yrs)25.125.130.0
Secondary amount$0$41,851$0
Funding fee$0$0$0
Note rate3.090%3.090%7.320%
Blended rate3.940%4.687%7.560%
1st payment$1,149.46$1,149.46$1,947.14
2nd payment$0.00$313.88$0.00
Taxes / mo$570.42$570.42$570.42
Insurance / mo$150.00$150.00$150.00
MI / mo$190.91$190.91$56.69
HOA / mo$0.00$0.00$0.00
Total monthly$2,060.79$2,374.67$2,724.25
Cash to close$73,346$31,495$31,495