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$254,633$254,633$341,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$87,277$0
Funding fee$0$0$0
Note rate3.040%3.040%7.400%
Blended rate3.890%5.194%7.640%
1st payment$1,220.99$1,220.99$2,367.32
2nd payment$0.00$654.57$0.00
Taxes / mo$195.92$195.92$195.92
Insurance / mo$150.00$150.00$150.00
MI / mo$204.09$204.09$68.38
HOA / mo$125.00$125.00$125.00
Total monthly$1,896.00$2,550.58$2,906.61
Cash to close$125,267$37,990$37,990