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$239,913$239,913$314,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$74,997$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.419%7.640%
1st payment$1,240.04$1,240.04$2,180.37
2nd payment$0.00$562.48$0.00
Taxes / mo$144.42$144.42$144.42
Insurance / mo$150.00$150.00$150.00
MI / mo$196.83$196.83$62.98
HOA / mo$33.33$33.33$33.33
Total monthly$1,764.61$2,327.09$2,571.10
Cash to close$109,987$34,990$34,990