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$267,949$267,949$477,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$209,051$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%5.632%7.560%
1st payment$1,327.43$1,327.43$3,276.66
2nd payment$0.00$1,350.12$0.00
Taxes / mo$385.67$385.67$385.67
Insurance / mo$166.67$166.67$166.67
MI / mo$219.36$219.36$95.40
HOA / mo$100.00$100.00$100.00
Total monthly$2,199.12$3,549.24$4,024.39
Cash to close$262,051$53,000$53,000