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$254,340$254,340$337,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$83,070$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%5.125%7.640%
1st payment$1,202.07$1,202.07$2,336.16
2nd payment$0.00$623.02$0.00
Taxes / mo$306.83$306.83$306.83
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$67.48
HOA / mo$25.00$25.00$25.00
Total monthly$1,885.60$2,508.63$2,885.47
Cash to close$120,560$37,490$37,490