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$244,361$244,361$369,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$124,639$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.265%7.560%
1st payment$1,174.53$1,174.53$2,534.77
2nd payment$0.00$830.93$0.00
Taxes / mo$113.58$113.58$113.58
Insurance / mo$150.00$150.00$150.00
MI / mo$196.83$196.83$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,634.94$2,465.87$2,872.16
Cash to close$165,639$41,000$41,000