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$249,380$249,380$283,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$34,120$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%4.866%7.560%
1st payment$1,226.45$1,226.45$1,947.45
2nd payment$0.00$255.90$0.00
Taxes / mo$377.75$377.75$377.75
Insurance / mo$150.00$150.00$150.00
MI / mo$194.67$194.67$56.70
HOA / mo$57.50$57.50$57.50
Total monthly$2,006.37$2,262.27$2,589.40
Cash to close$65,620$31,500$31,500