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$246,488$246,488$315,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$68,512$0
Funding fee$0$0$0
Note rate3.510%3.510%7.240%
Blended rate4.360%5.369%7.480%
1st payment$1,284.77$1,284.77$2,146.72
2nd payment$0.00$513.84$0.00
Taxes / mo$120.83$120.83$120.83
Insurance / mo$150.00$150.00$150.00
MI / mo$202.41$202.41$63.00
HOA / mo$3.75$3.75$3.75
Total monthly$1,761.77$2,275.61$2,484.30
Cash to close$103,512$35,000$35,000