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$249,978$249,978$272,700
Remaining term (yrs)25.425.430.0
Secondary amount$0$37,872$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%5.297%7.560%
1st payment$1,229.39$1,229.39$1,873.26
2nd payment$0.00$374.77$0.00
Taxes / mo$284.75$284.75$284.75
Insurance / mo$150.00$150.00$150.00
MI / mo$195.14$195.14$54.54
HOA / mo$0.00$0.00$0.00
Total monthly$1,859.28$2,234.05$2,362.55
Cash to close$53,022$15,150$30,300