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$253,005$253,005$301,050
Remaining term (yrs)24.824.830.0
Secondary amount$0$48,045$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%4.689%7.560%
1st payment$1,205.11$1,205.11$2,068.00
2nd payment$0.00$360.33$0.00
Taxes / mo$378.17$378.17$378.17
Insurance / mo$150.00$150.00$150.00
MI / mo$201.95$201.95$60.21
HOA / mo$0.00$0.00$0.00
Total monthly$1,935.23$2,295.56$2,656.38
Cash to close$81,495$33,450$33,450