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$260,071$260,071$386,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$126,839$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.258%7.640%
1st payment$1,231.90$1,231.90$2,678.89
2nd payment$0.00$845.59$0.00
Taxes / mo$383.50$383.50$383.50
Insurance / mo$150.00$150.00$150.00
MI / mo$205.13$205.13$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,970.53$2,816.13$3,289.77
Cash to close$169,829$42,990$42,990