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$4,507$4,507$269,100
Remaining term (yrs)1.11.130.0
Secondary amount$0$264,593$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%7.685%7.640%
1st payment$306.51$306.51$1,863.19
2nd payment$0.00$1,708.83$0.00
Taxes / mo$191.92$191.92$191.92
Insurance / mo$150.00$150.00$150.00
MI / mo$51.50$51.50$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$699.92$2,408.75$2,258.93
Cash to close$294,493$29,900$29,900