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$256,210$256,210$359,010
Remaining term (yrs)25.425.430.0
Secondary amount$0$102,800$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.359%7.640%
1st payment$1,260.04$1,260.04$2,485.71
2nd payment$0.00$685.33$0.00
Taxes / mo$332.42$332.42$332.42
Insurance / mo$150.00$150.00$150.00
MI / mo$200.00$200.00$71.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,942.46$2,627.79$3,039.93
Cash to close$142,690$39,890$39,890