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$261,020$261,020$414,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$152,980$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.856%7.640%
1st payment$1,409.65$1,409.65$2,866.45
2nd payment$0.00$1,019.87$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$215.61$215.61$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,175.26$3,195.13$3,499.25
Cash to close$198,980$46,000$46,000