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$258,074$258,074$388,800
Remaining term (yrs)24.524.530.0
Secondary amount$0$130,726$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.298%7.640%
1st payment$1,245.67$1,245.67$2,691.97
2nd payment$0.00$871.50$0.00
Taxes / mo$349.96$349.96$349.96
Insurance / mo$150.00$150.00$150.00
MI / mo$207.16$207.16$77.76
HOA / mo$90.00$90.00$90.00
Total monthly$2,042.79$2,914.30$3,359.70
Cash to close$173,926$43,200$43,200