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$250,399$250,399$494,100
Remaining term (yrs)18.918.930.0
Secondary amount$0$243,701$0
Funding fee$0$0$0
Note rate3.910%3.910%7.400%
Blended rate4.760%6.235%7.640%
1st payment$1,553.35$1,553.35$3,421.05
2nd payment$0.00$1,573.90$0.00
Taxes / mo$457.50$457.50$457.50
Insurance / mo$166.67$166.67$166.67
MI / mo$232.99$232.99$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,410.51$3,984.42$4,144.04
Cash to close$298,601$54,900$54,900