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$254,608$254,608$449,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$195,302$0
Funding fee$0$0$0
Note rate3.060%3.060%7.320%
Blended rate3.910%5.685%7.560%
1st payment$1,220.78$1,220.78$3,090.57
2nd payment$0.00$1,302.01$0.00
Taxes / mo$235.50$235.50$235.50
Insurance / mo$166.67$166.67$166.67
MI / mo$203.54$203.54$89.98
HOA / mo$29.17$29.17$29.17
Total monthly$1,855.65$3,157.66$3,611.89
Cash to close$245,292$49,990$49,990