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$250,553$250,553$269,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$34,352$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%4.826%7.640%
1st payment$1,222.76$1,222.76$1,868.80
2nd payment$0.00$339.94$0.00
Taxes / mo$222.25$222.25$222.25
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$53.98
HOA / mo$400.00$400.00$400.00
Total monthly$2,200.19$2,540.13$2,695.03
Cash to close$49,347$14,995$29,990