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$257,084$257,084$323,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$66,016$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.942%7.640%
1st payment$1,236.88$1,236.88$2,237.08
2nd payment$0.00$495.12$0.00
Taxes / mo$299.17$299.17$299.17
Insurance / mo$150.00$150.00$150.00
MI / mo$206.48$206.48$64.62
HOA / mo$195.00$195.00$195.00
Total monthly$2,087.53$2,582.65$2,945.87
Cash to close$101,916$35,900$35,900