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$266,386$266,386$409,050
Remaining term (yrs)24.824.830.0
Secondary amount$0$142,664$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.297%7.640%
1st payment$1,266.07$1,266.07$2,832.18
2nd payment$0.00$951.09$0.00
Taxes / mo$406.83$406.83$406.83
Insurance / mo$166.67$166.67$166.67
MI / mo$212.71$212.71$81.81
HOA / mo$83.00$83.00$83.00
Total monthly$2,135.28$3,086.38$3,570.49
Cash to close$188,114$45,450$45,450