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$247,304$247,304$315,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$67,696$0
Funding fee$0$0$0
Note rate3.040%3.040%7.400%
Blended rate3.890%4.988%7.640%
1st payment$1,185.85$1,185.85$2,181.00
2nd payment$0.00$507.72$0.00
Taxes / mo$395.75$395.75$395.75
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$63.00
HOA / mo$44.00$44.00$44.00
Total monthly$1,973.82$2,481.53$2,833.75
Cash to close$102,696$35,000$35,000