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$250,485$250,485$269,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$34,420$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.215%7.640%
1st payment$1,226.89$1,226.89$1,868.80
2nd payment$0.00$340.62$0.00
Taxes / mo$249.92$249.92$249.92
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,821.55$2,162.16$2,322.70
Cash to close$49,415$14,995$29,990