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$260,202$260,202$386,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$126,708$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.276%7.640%
1st payment$1,236.62$1,236.62$2,678.89
2nd payment$0.00$844.72$0.00
Taxes / mo$383.50$383.50$383.50
Insurance / mo$150.00$150.00$150.00
MI / mo$205.13$205.13$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,975.25$2,819.97$3,289.77
Cash to close$169,698$42,990$42,990