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$250,181$250,181$359,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$108,919$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%5.144%7.560%
1st payment$1,203.67$1,203.67$2,466.77
2nd payment$0.00$726.12$0.00
Taxes / mo$691.75$691.75$691.75
Insurance / mo$150.00$150.00$150.00
MI / mo$200.94$200.94$71.82
HOA / mo$8.17$8.17$8.17
Total monthly$2,254.52$2,980.65$3,388.51
Cash to close$148,819$39,900$39,900