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$246,953$246,953$387,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$140,047$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%5.435%7.560%
1st payment$1,220.56$1,220.56$2,658.42
2nd payment$0.00$933.64$0.00
Taxes / mo$358.33$358.33$358.33
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,930.59$2,864.23$3,244.15
Cash to close$183,047$43,000$43,000