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$257,594$257,594$404,999
Remaining term (yrs)23.723.730.0
Secondary amount$0$147,406$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%5.755%7.560%
1st payment$1,345.68$1,345.68$2,782.06
2nd payment$0.00$982.70$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$209.14$209.14$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,079.82$3,062.52$3,388.06
Cash to close$192,405$45,000$45,000