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$260,040$260,040$459,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$198,960$0
Funding fee$0$0$0
Note rate3.470%3.470%7.320%
Blended rate4.320%5.915%7.560%
1st payment$1,343.75$1,343.75$3,153.01
2nd payment$0.00$1,326.40$0.00
Taxes / mo$336.44$336.44$336.44
Insurance / mo$166.67$166.67$166.67
MI / mo$212.76$212.76$91.80
HOA / mo$133.00$133.00$133.00
Total monthly$2,192.62$3,519.01$3,880.91
Cash to close$249,960$51,000$51,000