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$250,408$250,408$359,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$109,502$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.127%7.560%
1st payment$1,220.47$1,220.47$2,472.33
2nd payment$0.00$730.01$0.00
Taxes / mo$452.84$452.84$452.84
Insurance / mo$150.00$150.00$150.00
MI / mo$204.53$204.53$71.98
HOA / mo$80.00$80.00$80.00
Total monthly$2,107.83$2,837.84$3,227.15
Cash to close$149,492$39,990$39,990