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$254,511$254,511$386,100
Remaining term (yrs)23.323.330.0
Secondary amount$0$131,589$0
Funding fee$0$0$0
Note rate3.700%3.700%7.320%
Blended rate4.550%5.726%7.560%
1st payment$1,355.38$1,355.38$2,652.24
2nd payment$0.00$877.26$0.00
Taxes / mo$114.08$114.08$114.08
Insurance / mo$150.00$150.00$150.00
MI / mo$208.58$208.58$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,828.05$2,705.30$2,993.54
Cash to close$174,489$42,900$42,900