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$243,388$243,388$283,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$40,112$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%5.308%7.640%
1st payment$1,245.10$1,245.10$1,962.90
2nd payment$0.00$300.84$0.00
Taxes / mo$390.50$390.50$390.50
Insurance / mo$150.00$150.00$150.00
MI / mo$188.13$188.13$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,973.73$2,274.57$2,560.10
Cash to close$71,612$31,500$31,500