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$275,409$275,409$413,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$138,501$0
Funding fee$0$0$0
Note rate3.260%3.260%7.400%
Blended rate4.110%5.412%7.640%
1st payment$1,386.27$1,386.27$2,865.83
2nd payment$0.00$923.34$0.00
Taxes / mo$383.25$383.25$383.25
Insurance / mo$166.67$166.67$166.67
MI / mo$225.34$225.34$82.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,161.53$3,084.87$3,498.53
Cash to close$184,491$45,990$45,990