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$241,799$241,799$357,750
Remaining term (yrs)23.223.230.0
Secondary amount$0$115,951$0
Funding fee$0$0$0
Note rate3.700%3.700%7.320%
Blended rate4.550%5.668%7.560%
1st payment$1,290.57$1,290.57$2,457.49
2nd payment$0.00$773.01$0.00
Taxes / mo$185.17$185.17$185.17
Insurance / mo$150.00$150.00$150.00
MI / mo$198.61$198.61$71.55
HOA / mo$16.67$16.67$16.67
Total monthly$1,841.02$2,614.03$2,880.88
Cash to close$155,701$39,750$39,750