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$265,315$265,315$369,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$103,685$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%5.419%7.640%
1st payment$1,320.53$1,320.53$2,554.88
2nd payment$0.00$691.23$0.00
Taxes / mo$341.67$341.67$341.67
Insurance / mo$150.00$150.00$150.00
MI / mo$206.76$206.76$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,018.96$2,710.20$3,120.35
Cash to close$144,685$41,000$41,000