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$250,171$250,171$341,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$91,739$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%5.634%7.560%
1st payment$1,241.32$1,241.32$2,348.68
2nd payment$0.00$688.04$0.00
Taxes / mo$251.00$251.00$251.00
Insurance / mo$150.00$150.00$150.00
MI / mo$194.60$194.60$68.38
HOA / mo$175.00$175.00$175.00
Total monthly$2,011.92$2,699.96$2,993.07
Cash to close$129,729$37,990$37,990