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$265,002$265,002$292,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$27,408$0
Funding fee$0$0$0
Note rate3.010%3.010%7.320%
Blended rate3.860%4.342%7.560%
1st payment$1,252.46$1,252.46$2,008.65
2nd payment$0.00$205.56$0.00
Taxes / mo$443.08$443.08$443.08
Insurance / mo$150.00$150.00$150.00
MI / mo$210.16$210.16$58.48
HOA / mo$88.00$88.00$88.00
Total monthly$2,143.70$2,349.26$2,748.22
Cash to close$59,898$32,490$32,490