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$244,159$244,159$355,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$111,341$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%5.534%7.640%
1st payment$1,215.24$1,215.24$2,461.41
2nd payment$0.00$742.27$0.00
Taxes / mo$151.92$151.92$151.92
Insurance / mo$150.00$150.00$150.00
MI / mo$190.27$190.27$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,707.43$2,449.70$2,834.43
Cash to close$150,841$39,500$39,500