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$263,605$263,605$521,910
Remaining term (yrs)20.020.030.0
Secondary amount$0$258,305$0
Funding fee$0$0$0
Note rate3.480%3.480%7.400%
Blended rate4.330%6.023%7.640%
1st payment$1,517.36$1,517.36$3,613.60
2nd payment$0.00$1,668.22$0.00
Taxes / mo$483.25$483.25$483.25
Insurance / mo$166.67$166.67$166.67
MI / mo$239.95$239.95$104.38
HOA / mo$125.00$125.00$125.00
Total monthly$2,532.23$4,200.45$4,492.90
Cash to close$316,295$57,990$57,990