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$259,219$259,219$377,550
Remaining term (yrs)23.123.130.0
Secondary amount$0$118,331$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%5.542%7.640%
1st payment$1,368.73$1,368.73$2,614.08
2nd payment$0.00$788.87$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$214.04$214.04$75.51
HOA / mo$122.00$122.00$122.00
Total monthly$2,188.10$2,976.98$3,294.92
Cash to close$160,281$41,950$41,950