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$255,891$255,891$481,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$225,609$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%5.762%7.560%
1st payment$1,271.69$1,271.69$3,307.57
2nd payment$0.00$1,457.06$0.00
Taxes / mo$490.42$490.42$490.42
Insurance / mo$166.67$166.67$166.67
MI / mo$209.35$209.35$96.30
HOA / mo$20.00$20.00$20.00
Total monthly$2,158.13$3,615.18$4,080.96
Cash to close$279,109$53,500$53,500