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$245,629$245,629$269,901
Remaining term (yrs)24.524.530.0
Secondary amount$0$39,267$0
Funding fee$0$0$0
Note rate3.170%3.170%7.400%
Blended rate4.020%5.103%7.640%
1st payment$1,197.16$1,197.16$1,868.74
2nd payment$0.00$388.58$0.00
Taxes / mo$183.00$183.00$183.00
Insurance / mo$150.00$150.00$150.00
MI / mo$196.83$196.83$53.98
HOA / mo$225.00$225.00$225.00
Total monthly$1,951.99$2,340.57$2,480.72
Cash to close$54,261$14,995$29,989