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$267,348$267,348$286,200
Remaining term (yrs)25.425.430.0
Secondary amount$0$34,752$0
Funding fee$0$0$0
Note rate3.890%3.890%7.320%
Blended rate4.740%5.561%7.560%
1st payment$1,376.18$1,376.18$1,966.00
2nd payment$0.00$343.90$0.00
Taxes / mo$265.00$265.00$265.00
Insurance / mo$150.00$150.00$150.00
MI / mo$206.92$206.92$57.24
HOA / mo$0.00$0.00$0.00
Total monthly$1,998.10$2,342.00$2,438.24
Cash to close$50,652$15,900$31,800