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$246,095$246,095$512,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$266,005$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%5.890%7.640%
1st payment$1,203.55$1,203.55$3,545.68
2nd payment$0.00$1,717.95$0.00
Taxes / mo$474.17$474.17$474.17
Insurance / mo$166.67$166.67$166.67
MI / mo$201.43$201.43$102.42
HOA / mo$45.00$45.00$45.00
Total monthly$2,090.82$3,808.77$4,333.93
Cash to close$322,905$56,900$56,900