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$250,841$250,841$297,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$46,159$0
Funding fee$0$0$0
Note rate3.220%3.220%7.320%
Blended rate4.070%4.836%7.560%
1st payment$1,202.87$1,202.87$2,040.18
2nd payment$0.00$346.19$0.00
Taxes / mo$153.83$153.83$153.83
Insurance / mo$150.00$150.00$150.00
MI / mo$196.52$196.52$59.40
HOA / mo$340.00$340.00$340.00
Total monthly$2,043.23$2,389.42$2,743.42
Cash to close$79,159$33,000$33,000