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$258,018$258,018$328,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$70,482$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.034%7.640%
1st payment$1,248.09$1,248.09$2,274.47
2nd payment$0.00$528.62$0.00
Taxes / mo$364.17$364.17$364.17
Insurance / mo$150.00$150.00$150.00
MI / mo$207.03$207.03$65.70
HOA / mo$100.00$100.00$100.00
Total monthly$2,069.29$2,597.91$2,954.33
Cash to close$106,982$36,500$36,500