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$260,184$260,184$332,999
Remaining term (yrs)24.524.530.0
Secondary amount$0$72,815$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%5.078%7.560%
1st payment$1,262.65$1,262.65$2,287.47
2nd payment$0.00$546.11$0.00
Taxes / mo$148.17$148.17$148.17
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,769.47$2,315.58$2,652.24
Cash to close$109,815$37,000$37,000