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$260,333$260,333$337,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$77,167$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.074%7.640%
1st payment$1,251.03$1,251.03$2,336.78
2nd payment$0.00$578.75$0.00
Taxes / mo$314.75$314.75$314.75
Insurance / mo$150.00$150.00$150.00
MI / mo$208.58$208.58$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,924.36$2,503.12$2,869.03
Cash to close$114,667$37,500$37,500