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$246,446$246,446$257,850
Remaining term (yrs)25.125.130.0
Secondary amount$0$25,729$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.690%7.640%
1st payment$1,172.49$1,172.49$1,785.30
2nd payment$0.00$254.61$0.00
Taxes / mo$369.67$369.67$369.67
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$51.57
HOA / mo$4.17$4.17$4.17
Total monthly$1,891.07$2,145.68$2,360.71
Cash to close$40,054$14,325$28,650