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$249,039$249,039$342,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$92,961$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.301%7.640%
1st payment$1,179.65$1,179.65$2,367.94
2nd payment$0.00$697.21$0.00
Taxes / mo$331.42$331.42$331.42
Insurance / mo$150.00$150.00$150.00
MI / mo$196.43$196.43$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,857.49$2,554.70$2,917.76
Cash to close$130,961$38,000$38,000