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$246,264$246,264$405,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$158,736$0
Funding fee$0$0$0
Note rate3.090%3.090%7.320%
Blended rate3.940%5.531%7.560%
1st payment$1,171.63$1,171.63$2,782.07
2nd payment$0.00$1,058.24$0.00
Taxes / mo$687.83$687.83$687.83
Insurance / mo$150.00$150.00$150.00
MI / mo$194.60$194.60$81.00
HOA / mo$10.00$10.00$10.00
Total monthly$2,214.06$3,272.30$3,710.90
Cash to close$203,736$45,000$45,000