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$253,550$253,550$359,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$106,360$0
Funding fee$0$0$0
Note rate3.850%3.850%7.320%
Blended rate4.700%5.675%7.560%
1st payment$1,297.09$1,297.09$2,472.33
2nd payment$0.00$709.07$0.00
Taxes / mo$166.42$166.42$166.42
Insurance / mo$150.00$150.00$150.00
MI / mo$195.98$195.98$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,809.49$2,518.55$2,860.73
Cash to close$146,350$39,990$39,990