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$259,844$259,844$459,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$199,156$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%5.707%7.560%
1st payment$1,229.60$1,229.60$3,153.01
2nd payment$0.00$1,327.71$0.00
Taxes / mo$317.77$317.77$317.77
Insurance / mo$166.67$166.67$166.67
MI / mo$203.97$203.97$91.80
HOA / mo$66.67$66.67$66.67
Total monthly$1,984.67$3,312.38$3,795.91
Cash to close$250,156$51,000$51,000