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$244,724$244,724$323,999
Remaining term (yrs)24.624.630.0
Secondary amount$0$79,275$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%5.208%7.560%
1st payment$1,184.97$1,184.97$2,225.65
2nd payment$0.00$594.56$0.00
Taxes / mo$279.58$279.58$279.58
Insurance / mo$150.00$150.00$150.00
MI / mo$195.81$195.81$64.80
HOA / mo$83.33$83.33$83.33
Total monthly$1,893.70$2,488.26$2,803.36
Cash to close$115,275$36,000$36,000