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$239,809$239,809$359,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$119,291$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.202%7.640%
1st payment$1,161.38$1,161.38$2,486.34
2nd payment$0.00$795.27$0.00
Taxes / mo$25.42$25.42$25.42
Insurance / mo$150.00$150.00$150.00
MI / mo$196.12$196.12$71.82
HOA / mo$91.33$91.33$91.33
Total monthly$1,624.25$2,419.52$2,824.90
Cash to close$159,191$39,900$39,900