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$256,978$256,978$494,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$237,932$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%5.730%7.640%
1st payment$1,254.12$1,254.12$3,426.66
2nd payment$0.00$1,536.64$0.00
Taxes / mo$815.08$815.08$815.08
Insurance / mo$166.67$166.67$166.67
MI / mo$210.43$210.43$98.98
HOA / mo$10.42$10.42$10.42
Total monthly$2,456.73$3,993.37$4,517.81
Cash to close$292,922$54,990$54,990