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$259,046$259,046$368,946
Remaining term (yrs)23.923.930.0
Secondary amount$0$109,900$0
Funding fee$0$0$0
Note rate3.010%3.010%7.320%
Blended rate3.860%5.093%7.560%
1st payment$1,264.21$1,264.21$2,534.40
2nd payment$0.00$732.66$0.00
Taxes / mo$367.92$367.92$367.92
Insurance / mo$150.00$150.00$150.00
MI / mo$212.13$212.13$73.79
HOA / mo$127.00$127.00$127.00
Total monthly$2,121.26$2,853.92$3,253.11
Cash to close$150,894$40,994$40,994