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$246,945$246,945$359,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$112,965$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.207%7.640%
1st payment$1,191.95$1,191.95$2,491.94
2nd payment$0.00$753.10$0.00
Taxes / mo$411.92$411.92$411.92
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$71.98
HOA / mo$268.00$268.00$268.00
Total monthly$2,220.10$2,973.20$3,393.84
Cash to close$152,955$39,990$39,990