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$267,801$267,801$359,910
Remaining term (yrs)23.223.230.0
Secondary amount$0$92,109$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.614%7.640%
1st payment$1,415.07$1,415.07$2,491.94
2nd payment$0.00$690.82$0.00
Taxes / mo$353.75$353.75$353.75
Insurance / mo$150.00$150.00$150.00
MI / mo$220.47$220.47$71.98
HOA / mo$83.33$83.33$83.33
Total monthly$2,222.62$2,913.44$3,151.01
Cash to close$132,099$39,990$39,990