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$65,595$65,595$265,500
Remaining term (yrs)5.75.730.0
Secondary amount$0$199,905$0
Funding fee$0$0$0
Note rate3.260%3.260%7.320%
Blended rate4.110%7.039%7.560%
1st payment$1,030.26$1,030.26$1,823.80
2nd payment$0.00$1,332.70$0.00
Taxes / mo$195.67$195.67$195.67
Insurance / mo$150.00$150.00$150.00
MI / mo$103.79$103.79$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,479.71$2,812.41$2,222.57
Cash to close$229,405$29,500$29,500