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$263,835$263,835$447,300
Remaining term (yrs)23.423.430.0
Secondary amount$0$183,465$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%5.906%7.560%
1st payment$1,387.80$1,387.80$3,072.64
2nd payment$0.00$1,223.10$0.00
Taxes / mo$139.58$139.58$139.58
Insurance / mo$166.67$166.67$166.67
MI / mo$216.22$216.22$89.46
HOA / mo$8.33$8.33$8.33
Total monthly$1,918.60$3,141.71$3,476.68
Cash to close$233,165$49,700$49,700