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$254,588$254,588$427,410
Remaining term (yrs)23.623.630.0
Secondary amount$0$172,822$0
Funding fee$0$0$0
Note rate3.260%3.260%7.320%
Blended rate4.110%5.683%7.560%
1st payment$1,284.45$1,284.45$2,936.01
2nd payment$0.00$1,152.15$0.00
Taxes / mo$385.50$385.50$385.50
Insurance / mo$166.67$166.67$166.67
MI / mo$208.79$208.79$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,045.40$3,197.55$3,573.66
Cash to close$220,312$47,490$47,490