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$249,223$249,223$395,999
Remaining term (yrs)23.223.230.0
Secondary amount$0$146,776$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.766%7.640%
1st payment$1,316.91$1,316.91$2,741.82
2nd payment$0.00$978.51$0.00
Taxes / mo$725.25$725.25$725.25
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$79.20
HOA / mo$12.83$12.83$12.83
Total monthly$2,410.16$3,388.67$3,709.10
Cash to close$190,776$44,000$44,000