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$264,491$264,491$311,334
Remaining term (yrs)25.325.330.0
Secondary amount$0$46,844$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%5.092%7.560%
1st payment$1,317.66$1,317.66$2,138.65
2nd payment$0.00$351.33$0.00
Taxes / mo$356.33$356.33$356.33
Insurance / mo$150.00$150.00$150.00
MI / mo$206.56$206.56$62.27
HOA / mo$0.00$0.00$0.00
Total monthly$2,030.55$2,381.88$2,707.25
Cash to close$81,436$34,593$34,593