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$250,102$250,102$414,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$163,898$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%5.795%7.640%
1st payment$1,257.33$1,257.33$2,866.45
2nd payment$0.00$1,092.65$0.00
Taxes / mo$371.25$371.25$371.25
Insurance / mo$166.67$166.67$166.67
MI / mo$198.33$198.33$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,993.59$3,086.24$3,487.17
Cash to close$209,898$46,000$46,000