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$154,453$154,453$377,100
Remaining term (yrs)16.216.230.0
Secondary amount$0$222,647$0
Funding fee$0$0$0
Note rate3.250%3.250%7.320%
Blended rate4.100%6.255%7.560%
1st payment$1,016.64$1,016.64$2,590.42
2nd payment$0.00$1,437.93$0.00
Taxes / mo$685.58$685.58$685.58
Insurance / mo$150.00$150.00$150.00
MI / mo$165.47$165.47$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,017.69$3,455.62$3,501.42
Cash to close$264,547$41,900$41,900