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$266,729$266,729$405,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$138,271$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%5.695%7.560%
1st payment$1,410.14$1,410.14$2,782.07
2nd payment$0.00$921.81$0.00
Taxes / mo$604.30$604.30$604.30
Insurance / mo$150.00$150.00$150.00
MI / mo$218.35$218.35$81.00
HOA / mo$188.33$188.33$188.33
Total monthly$2,571.12$3,492.93$3,805.70
Cash to close$183,271$45,000$45,000