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$242,808$242,808$386,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$144,102$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%5.747%7.640%
1st payment$1,283.75$1,283.75$2,678.89
2nd payment$0.00$960.68$0.00
Taxes / mo$268.33$268.33$268.33
Insurance / mo$150.00$150.00$150.00
MI / mo$201.00$201.00$77.38
HOA / mo$60.00$60.00$60.00
Total monthly$1,963.09$2,923.77$3,234.60
Cash to close$187,092$42,990$42,990