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$265,329$265,329$607,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$342,171$0
Funding fee$0$0$0
Note rate3.120%3.120%7.320%
Blended rate3.970%6.099%7.560%
1st payment$1,261.05$1,261.05$4,173.10
2nd payment$0.00$2,209.86$0.00
Taxes / mo$518.00$518.00$518.00
Insurance / mo$166.67$166.67$166.67
MI / mo$208.65$208.65$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,154.36$4,364.22$4,979.27
Cash to close$409,671$67,500$67,500