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$256,159$256,159$341,999
Remaining term (yrs)23.523.530.0
Secondary amount$0$85,840$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%5.629%7.640%
1st payment$1,348.23$1,348.23$2,367.93
2nd payment$0.00$643.80$0.00
Taxes / mo$369.58$369.58$369.58
Insurance / mo$150.00$150.00$150.00
MI / mo$208.76$208.76$68.40
HOA / mo$107.00$107.00$107.00
Total monthly$2,183.58$2,827.38$3,062.92
Cash to close$123,840$38,000$38,000