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$247,439$247,439$297,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$49,561$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.084%7.640%
1st payment$1,216.90$1,216.90$2,056.37
2nd payment$0.00$371.71$0.00
Taxes / mo$182.92$182.92$182.92
Insurance / mo$150.00$150.00$150.00
MI / mo$193.16$193.16$59.40
HOA / mo$360.00$360.00$360.00
Total monthly$2,102.97$2,474.68$2,808.68
Cash to close$82,561$33,000$33,000