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$263,485$263,485$512,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$249,425$0
Funding fee$0$0$0
Note rate3.150%3.150%7.320%
Blended rate4.000%5.824%7.560%
1st payment$1,308.05$1,308.05$3,523.34
2nd payment$0.00$1,610.87$0.00
Taxes / mo$427.12$427.12$427.12
Insurance / mo$166.67$166.67$166.67
MI / mo$215.61$215.61$102.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,117.45$3,728.32$4,219.70
Cash to close$306,415$56,990$56,990