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$252,249$252,249$292,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$40,251$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%5.119%7.560%
1st payment$1,333.59$1,333.59$2,009.27
2nd payment$0.00$301.88$0.00
Taxes / mo$263.83$263.83$263.83
Insurance / mo$150.00$150.00$150.00
MI / mo$206.49$206.49$58.50
HOA / mo$408.00$408.00$408.00
Total monthly$2,361.92$2,663.80$2,889.61
Cash to close$72,751$32,500$32,500