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$262,950$262,950$337,410
Remaining term (yrs)23.923.930.0
Secondary amount$0$74,460$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.002%7.640%
1st payment$1,281.59$1,281.59$2,336.16
2nd payment$0.00$558.45$0.00
Taxes / mo$254.83$254.83$254.83
Insurance / mo$150.00$150.00$150.00
MI / mo$214.77$214.77$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,901.20$2,459.65$2,808.47
Cash to close$111,950$37,490$37,490