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$263,079$263,079$292,410
Remaining term (yrs)25.125.130.0
Secondary amount$0$29,331$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.430%7.640%
1st payment$1,248.87$1,248.87$2,024.59
2nd payment$0.00$219.98$0.00
Taxes / mo$377.50$377.50$377.50
Insurance / mo$150.00$150.00$150.00
MI / mo$207.96$207.96$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,984.33$2,204.31$2,610.57
Cash to close$61,821$32,490$32,490