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$255,826$255,826$458,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$202,274$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.673%7.640%
1st payment$1,274.03$1,274.03$3,171.79
2nd payment$0.00$1,306.35$0.00
Taxes / mo$475.00$475.00$475.00
Insurance / mo$166.67$166.67$166.67
MI / mo$209.20$209.20$91.62
HOA / mo$60.00$60.00$60.00
Total monthly$2,184.90$3,491.25$3,965.08
Cash to close$253,174$50,900$50,900