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$249,040$249,040$408,600
Remaining term (yrs)24.624.630.0
Secondary amount$0$159,560$0
Funding fee$0$0$0
Note rate3.040%3.040%7.400%
Blended rate3.890%5.495%7.640%
1st payment$1,194.17$1,194.17$2,829.06
2nd payment$0.00$1,063.73$0.00
Taxes / mo$167.67$167.67$167.67
Insurance / mo$166.67$166.67$166.67
MI / mo$199.61$199.61$81.72
HOA / mo$66.67$66.67$66.67
Total monthly$1,794.78$2,858.52$3,311.79
Cash to close$204,960$45,400$45,400