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$262,858$262,858$427,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$164,642$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%5.639%7.560%
1st payment$1,333.06$1,333.06$2,936.63
2nd payment$0.00$1,097.61$0.00
Taxes / mo$395.83$395.83$395.83
Insurance / mo$166.67$166.67$166.67
MI / mo$215.33$215.33$85.50
HOA / mo$266.00$266.00$266.00
Total monthly$2,376.89$3,474.50$3,850.63
Cash to close$212,142$47,500$47,500