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$248,131$248,131$310,399
Remaining term (yrs)25.425.430.0
Secondary amount$0$62,268$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%4.971%7.640%
1st payment$1,175.48$1,175.48$2,149.14
2nd payment$0.00$467.01$0.00
Taxes / mo$287.41$287.41$287.41
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$62.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,807.63$2,274.64$2,648.63
Cash to close$96,757$34,489$34,489