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$289,466$289,466$395,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$105,634$0
Funding fee$0$0$0
Note rate3.250%3.250%7.400%
Blended rate4.100%5.143%7.640%
1st payment$1,422.99$1,422.99$2,735.59
2nd payment$0.00$704.23$0.00
Taxes / mo$790.75$790.75$790.75
Insurance / mo$150.00$150.00$150.00
MI / mo$231.60$231.60$79.02
HOA / mo$6.17$6.17$6.17
Total monthly$2,601.51$3,305.74$3,761.53
Cash to close$149,534$43,900$43,900