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$263,350$263,350$387,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$123,650$0
Funding fee$0$0$0
Note rate3.730%3.730%7.320%
Blended rate4.580%5.673%7.560%
1st payment$1,413.00$1,413.00$2,658.42
2nd payment$0.00$824.33$0.00
Taxes / mo$183.00$183.00$183.00
Insurance / mo$150.00$150.00$150.00
MI / mo$216.65$216.65$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,962.65$2,786.99$3,068.82
Cash to close$166,650$43,000$43,000