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$258,871$258,871$418,410
Remaining term (yrs)22.922.930.0
Secondary amount$0$159,539$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.804%7.640%
1st payment$1,377.35$1,377.35$2,896.99
2nd payment$0.00$1,063.59$0.00
Taxes / mo$315.08$315.08$315.08
Insurance / mo$166.67$166.67$166.67
MI / mo$214.59$214.59$83.68
HOA / mo$56.58$56.58$56.58
Total monthly$2,130.27$3,193.87$3,519.00
Cash to close$206,029$46,490$46,490