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$246,069$246,069$310,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$64,431$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%5.426%7.640%
1st payment$1,305.48$1,305.48$2,149.84
2nd payment$0.00$483.23$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$150.00$150.00$150.00
MI / mo$202.39$202.39$62.10
HOA / mo$465.00$465.00$465.00
Total monthly$2,410.38$2,893.61$3,114.44
Cash to close$98,931$34,500$34,500