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$261,408$261,408$286,200
Remaining term (yrs)25.525.530.0
Secondary amount$0$40,692$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%5.666%7.640%
1st payment$1,337.29$1,337.29$1,981.59
2nd payment$0.00$402.68$0.00
Taxes / mo$362.17$362.17$362.17
Insurance / mo$150.00$150.00$150.00
MI / mo$202.05$202.05$57.24
HOA / mo$145.00$145.00$145.00
Total monthly$2,196.51$2,599.19$2,696.00
Cash to close$56,592$15,900$31,800