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$260,266$260,266$449,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$189,644$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.120%7.640%
1st payment$1,514.42$1,514.42$3,115.09
2nd payment$0.00$1,264.29$0.00
Taxes / mo$245.33$245.33$245.33
Insurance / mo$166.67$166.67$166.67
MI / mo$227.43$227.43$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,153.85$3,418.14$3,617.07
Cash to close$239,634$49,990$49,990