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$263,759$263,759$449,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$186,151$0
Funding fee$0$0$0
Note rate3.400%3.400%7.320%
Blended rate4.250%5.802%7.560%
1st payment$1,359.47$1,359.47$3,090.57
2nd payment$0.00$1,241.00$0.00
Taxes / mo$554.67$554.67$554.67
Insurance / mo$166.67$166.67$166.67
MI / mo$217.14$217.14$89.98
HOA / mo$15.83$15.83$15.83
Total monthly$2,313.77$3,554.77$3,917.71
Cash to close$236,141$49,990$49,990