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$244,227$244,227$337,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$93,273$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%5.599%7.560%
1st payment$1,262.33$1,262.33$2,318.39
2nd payment$0.00$699.55$0.00
Taxes / mo$312.50$312.50$312.50
Insurance / mo$150.00$150.00$150.00
MI / mo$200.37$200.37$67.50
HOA / mo$14.58$14.58$14.58
Total monthly$1,939.78$2,639.33$2,862.97
Cash to close$130,773$37,500$37,500