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$263,054$263,054$405,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$141,946$0
Funding fee$0$0$0
Note rate3.800%3.800%7.320%
Blended rate4.650%5.824%7.560%
1st payment$1,434.18$1,434.18$2,782.07
2nd payment$0.00$946.31$0.00
Taxes / mo$227.58$227.58$227.58
Insurance / mo$150.00$150.00$150.00
MI / mo$218.02$218.02$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,029.79$2,976.09$3,240.65
Cash to close$186,946$45,000$45,000