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$260,307$260,307$441,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$180,693$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.657%7.640%
1st payment$1,270.06$1,270.06$3,053.39
2nd payment$0.00$1,204.62$0.00
Taxes / mo$398.67$398.67$398.67
Insurance / mo$166.67$166.67$166.67
MI / mo$208.55$208.55$88.20
HOA / mo$52.67$52.67$52.67
Total monthly$2,096.62$3,301.24$3,759.60
Cash to close$229,693$49,000$49,000