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$253,375$253,375$400,410
Remaining term (yrs)23.823.830.0
Secondary amount$0$147,035$0
Funding fee$0$0$0
Note rate3.210%3.210%7.400%
Blended rate4.060%5.507%7.640%
1st payment$1,265.80$1,265.80$2,772.36
2nd payment$0.00$980.23$0.00
Taxes / mo$393.75$393.75$393.75
Insurance / mo$150.00$150.00$150.00
MI / mo$207.06$207.06$80.08
HOA / mo$48.33$48.33$48.33
Total monthly$2,064.94$3,045.17$3,444.52
Cash to close$191,525$44,490$44,490