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$250,777$250,777$481,500
Remaining term (yrs)21.821.830.0
Secondary amount$0$230,723$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.786%7.640%
1st payment$1,318.88$1,318.88$3,333.81
2nd payment$0.00$1,490.08$0.00
Taxes / mo$858.17$858.17$858.17
Insurance / mo$166.67$166.67$166.67
MI / mo$208.90$208.90$96.30
HOA / mo$19.00$19.00$19.00
Total monthly$2,571.61$4,061.69$4,473.94
Cash to close$284,223$53,500$53,500