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$263,952$263,952$337,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$73,548$0
Funding fee$0$0$0
Note rate3.040%3.040%7.320%
Blended rate3.890%5.004%7.560%
1st payment$1,262.83$1,262.83$2,318.39
2nd payment$0.00$551.61$0.00
Taxes / mo$105.75$105.75$105.75
Insurance / mo$150.00$150.00$150.00
MI / mo$211.08$211.08$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,729.66$2,281.27$2,641.64
Cash to close$111,048$37,500$37,500