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$249,368$249,368$310,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$61,132$0
Funding fee$0$0$0
Note rate3.110%3.110%7.320%
Blended rate3.960%4.952%7.560%
1st payment$1,183.88$1,183.88$2,132.92
2nd payment$0.00$458.49$0.00
Taxes / mo$179.17$179.17$179.17
Insurance / mo$150.00$150.00$150.00
MI / mo$196.13$196.13$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,709.18$2,167.67$2,524.19
Cash to close$95,632$34,500$34,500