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$267,759$267,759$423,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$155,241$0
Funding fee$0$0$0
Note rate3.260%3.260%7.400%
Blended rate4.110%5.538%7.640%
1st payment$1,347.77$1,347.77$2,928.77
2nd payment$0.00$1,034.94$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$219.08$219.08$84.60
HOA / mo$425.00$425.00$425.00
Total monthly$2,550.18$3,585.12$3,996.70
Cash to close$202,241$47,000$47,000