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$264,985$264,985$369,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$104,015$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.034%7.640%
1st payment$1,273.66$1,273.66$2,554.88
2nd payment$0.00$693.44$0.00
Taxes / mo$370.33$370.33$370.33
Insurance / mo$150.00$150.00$150.00
MI / mo$213.44$213.44$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,007.43$2,700.86$3,149.01
Cash to close$145,015$41,000$41,000