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$256,177$256,177$306,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$49,823$0
Funding fee$0$0$0
Note rate3.220%3.220%7.320%
Blended rate4.070%4.873%7.560%
1st payment$1,231.06$1,231.06$2,102.01
2nd payment$0.00$373.67$0.00
Taxes / mo$336.25$336.25$336.25
Insurance / mo$150.00$150.00$150.00
MI / mo$201.13$201.13$61.20
HOA / mo$493.00$493.00$493.00
Total monthly$2,411.44$2,785.11$3,142.46
Cash to close$83,823$34,000$34,000