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$263,868$263,868$342,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$78,132$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%5.065%7.560%
1st payment$1,249.86$1,249.86$2,349.30
2nd payment$0.00$585.99$0.00
Taxes / mo$349.33$349.33$349.33
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$68.40
HOA / mo$19.67$19.67$19.67
Total monthly$1,977.51$2,563.50$2,936.71
Cash to close$116,132$38,000$38,000