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$251,442$251,442$300,420
Remaining term (yrs)23.723.730.0
Secondary amount$0$48,978$0
Funding fee$0$0$0
Note rate3.230%3.230%7.320%
Blended rate4.080%4.882%7.560%
1st payment$1,261.69$1,261.69$2,063.68
2nd payment$0.00$367.34$0.00
Taxes / mo$161.25$161.25$161.25
Insurance / mo$150.00$150.00$150.00
MI / mo$205.87$205.87$60.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,778.81$2,146.14$2,435.01
Cash to close$82,358$33,380$33,380