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$260,767$260,767$314,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$53,333$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%4.832%7.640%
1st payment$1,262.65$1,262.65$2,174.76
2nd payment$0.00$400.00$0.00
Taxes / mo$335.33$335.33$335.33
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,956.63$2,356.64$2,722.92
Cash to close$88,233$34,900$34,900