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$250,803$250,803$306,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$55,197$0
Funding fee$0$0$0
Note rate3.120%3.120%7.320%
Blended rate3.970%4.877%7.560%
1st payment$1,194.58$1,194.58$2,102.01
2nd payment$0.00$413.97$0.00
Taxes / mo$650.50$650.50$650.50
Insurance / mo$150.00$150.00$150.00
MI / mo$197.65$197.65$61.20
HOA / mo$9.83$9.83$9.83
Total monthly$2,202.57$2,616.54$2,973.54
Cash to close$89,197$34,000$34,000