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$249,751$249,751$359,999
Remaining term (yrs)23.523.530.0
Secondary amount$0$110,249$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%5.468%7.640%
1st payment$1,294.55$1,294.55$2,492.56
2nd payment$0.00$734.99$0.00
Taxes / mo$394.58$394.58$394.58
Insurance / mo$150.00$150.00$150.00
MI / mo$204.21$204.21$72.00
HOA / mo$50.00$50.00$50.00
Total monthly$2,093.34$2,828.33$3,159.14
Cash to close$150,248$40,000$40,000