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$254,424$254,424$319,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$64,986$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.938%7.640%
1st payment$1,207.78$1,207.78$2,211.53
2nd payment$0.00$487.39$0.00
Taxes / mo$178.67$178.67$178.67
Insurance / mo$150.00$150.00$150.00
MI / mo$201.63$201.63$63.88
HOA / mo$1.25$1.25$1.25
Total monthly$1,739.32$2,226.71$2,605.33
Cash to close$100,476$35,490$35,490