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$266,501$266,501$359,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$92,599$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.193%7.640%
1st payment$1,275.13$1,275.13$2,486.34
2nd payment$0.00$694.49$0.00
Taxes / mo$168.50$168.50$168.50
Insurance / mo$150.00$150.00$150.00
MI / mo$213.69$213.69$71.82
HOA / mo$123.00$123.00$123.00
Total monthly$1,930.31$2,624.80$2,999.66
Cash to close$132,499$39,900$39,900