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$265,067$265,067$432,720
Remaining term (yrs)23.823.830.0
Secondary amount$0$167,653$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.538%7.640%
1st payment$1,313.15$1,313.15$2,996.07
2nd payment$0.00$1,117.69$0.00
Taxes / mo$181.75$181.75$181.75
Insurance / mo$166.67$166.67$166.67
MI / mo$217.00$217.00$86.54
HOA / mo$8.33$8.33$8.33
Total monthly$1,886.90$3,004.58$3,439.36
Cash to close$215,733$48,080$48,080