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$249,585$249,585$405,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$155,415$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.504%7.640%
1st payment$1,232.57$1,232.57$2,804.14
2nd payment$0.00$1,036.10$0.00
Taxes / mo$607.92$607.92$607.92
Insurance / mo$150.00$150.00$150.00
MI / mo$204.46$204.46$81.00
HOA / mo$334.33$334.33$334.33
Total monthly$2,529.27$3,565.37$3,977.38
Cash to close$200,415$45,000$45,000