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$260,596$260,596$585,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$324,404$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%6.071%7.560%
1st payment$1,291.00$1,291.00$4,018.54
2nd payment$0.00$2,095.11$0.00
Taxes / mo$517.08$517.08$517.08
Insurance / mo$166.67$166.67$166.67
MI / mo$213.34$213.34$117.00
HOA / mo$48.33$48.33$48.33
Total monthly$2,236.42$4,331.53$4,867.62
Cash to close$389,404$65,000$65,000