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$261,627$261,627$449,910
Remaining term (yrs)20.720.730.0
Secondary amount$0$188,283$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%6.133%7.640%
1st payment$1,535.74$1,535.74$3,115.09
2nd payment$0.00$1,255.22$0.00
Taxes / mo$416.58$416.58$416.58
Insurance / mo$166.67$166.67$166.67
MI / mo$229.52$229.52$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,348.51$3,603.73$3,788.32
Cash to close$238,273$49,990$49,990