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$261,943$261,943$396,810
Remaining term (yrs)23.623.630.0
Secondary amount$0$134,867$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.412%7.640%
1st payment$1,317.44$1,317.44$2,747.43
2nd payment$0.00$899.11$0.00
Taxes / mo$516.67$516.67$516.67
Insurance / mo$150.00$150.00$150.00
MI / mo$214.97$214.97$79.36
HOA / mo$149.00$149.00$149.00
Total monthly$2,348.08$3,247.19$3,642.46
Cash to close$178,957$44,090$44,090