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$251,279$251,279$324,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$72,721$0
Funding fee$0$0$0
Note rate3.220%3.220%7.400%
Blended rate4.070%5.177%7.640%
1st payment$1,199.92$1,199.92$2,243.31
2nd payment$0.00$545.41$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$196.04$196.04$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,845.96$2,391.37$2,758.11
Cash to close$108,721$36,000$36,000