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$261,398$261,398$296,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$35,512$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%4.484%7.640%
1st payment$1,245.08$1,245.08$2,055.74
2nd payment$0.00$266.34$0.00
Taxes / mo$211.08$211.08$211.08
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$59.38
HOA / mo$375.00$375.00$375.00
Total monthly$2,189.82$2,456.16$2,851.21
Cash to close$68,502$32,990$32,990