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$239,866$239,866$301,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$61,634$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.943%7.640%
1st payment$1,154.03$1,154.03$2,087.53
2nd payment$0.00$462.26$0.00
Taxes / mo$162.58$162.58$162.58
Insurance / mo$150.00$150.00$150.00
MI / mo$192.65$192.65$60.30
HOA / mo$35.00$35.00$35.00
Total monthly$1,694.27$2,156.53$2,495.41
Cash to close$95,134$33,500$33,500