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$266,875$266,875$485,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$218,225$0
Funding fee$0$0$0
Note rate3.150%3.150%7.400%
Blended rate4.000%5.687%7.640%
1st payment$1,324.89$1,324.89$3,358.73
2nd payment$0.00$1,409.37$0.00
Taxes / mo$449.17$449.17$449.17
Insurance / mo$166.67$166.67$166.67
MI / mo$218.38$218.38$97.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,159.10$3,568.47$4,071.59
Cash to close$272,125$53,900$53,900