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$248,962$248,962$279,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$30,038$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%5.163%7.640%
1st payment$1,273.62$1,273.62$1,931.74
2nd payment$0.00$225.28$0.00
Taxes / mo$258.33$258.33$258.33
Insurance / mo$150.00$150.00$150.00
MI / mo$192.43$192.43$55.80
HOA / mo$93.33$93.33$93.33
Total monthly$1,967.72$2,193.00$2,489.20
Cash to close$61,038$31,000$31,000