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$245,527$245,527$364,410
Remaining term (yrs)23.823.830.0
Secondary amount$0$118,883$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%5.291%7.560%
1st payment$1,216.35$1,216.35$2,503.24
2nd payment$0.00$792.55$0.00
Taxes / mo$117.50$117.50$117.50
Insurance / mo$150.00$150.00$150.00
MI / mo$201.00$201.00$72.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,684.85$2,477.40$2,843.63
Cash to close$159,373$40,490$40,490