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$257,674$257,674$342,900
Remaining term (yrs)24.524.530.0
Secondary amount$0$85,226$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.130%7.640%
1st payment$1,233.02$1,233.02$2,374.17
2nd payment$0.00$639.20$0.00
Taxes / mo$335.92$335.92$335.92
Insurance / mo$150.00$150.00$150.00
MI / mo$207.16$207.16$68.58
HOA / mo$90.00$90.00$90.00
Total monthly$2,016.09$2,655.29$3,018.67
Cash to close$123,326$38,100$38,100