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$266,978$266,978$378,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$111,022$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%5.422%7.640%
1st payment$1,342.17$1,342.17$2,617.20
2nd payment$0.00$740.15$0.00
Taxes / mo$204.25$204.25$204.25
Insurance / mo$150.00$150.00$150.00
MI / mo$211.72$211.72$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,908.14$2,648.29$3,047.05
Cash to close$153,022$42,000$42,000