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$262,402$262,402$360,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$97,598$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.647%7.640%
1st payment$1,302.01$1,302.01$2,492.57
2nd payment$0.00$731.99$0.00
Taxes / mo$334.33$334.33$334.33
Insurance / mo$150.00$150.00$150.00
MI / mo$204.11$204.11$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,990.45$2,722.43$3,048.90
Cash to close$137,598$40,000$40,000