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$239,187$239,187$313,650
Remaining term (yrs)25.425.430.0
Secondary amount$0$74,463$0
Funding fee$0$0$0
Note rate3.220%3.220%7.400%
Blended rate4.070%5.240%7.640%
1st payment$1,146.99$1,146.99$2,171.65
2nd payment$0.00$558.47$0.00
Taxes / mo$158.33$158.33$158.33
Insurance / mo$150.00$150.00$150.00
MI / mo$187.39$187.39$62.73
HOA / mo$53.33$53.33$53.33
Total monthly$1,696.04$2,254.51$2,596.04
Cash to close$109,313$34,850$34,850