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$259,835$259,835$418,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$158,665$0
Funding fee$0$0$0
Note rate3.680%3.680%7.320%
Blended rate4.530%5.846%7.560%
1st payment$1,384.06$1,384.06$2,874.80
2nd payment$0.00$1,057.76$0.00
Taxes / mo$165.42$165.42$165.42
Insurance / mo$166.67$166.67$166.67
MI / mo$213.52$213.52$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,929.67$2,987.43$3,290.59
Cash to close$205,165$46,500$46,500