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$244,646$244,646$323,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$78,454$0
Funding fee$0$0$0
Note rate3.230%3.230%7.320%
Blended rate4.080%5.275%7.560%
1st payment$1,227.59$1,227.59$2,219.47
2nd payment$0.00$588.40$0.00
Taxes / mo$297.83$297.83$297.83
Insurance / mo$150.00$150.00$150.00
MI / mo$200.30$200.30$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,875.73$2,464.13$2,731.93
Cash to close$114,354$35,900$35,900