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$259,310$259,310$392,400
Remaining term (yrs)23.523.530.0
Secondary amount$0$133,090$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.476%7.640%
1st payment$1,320.84$1,320.84$2,716.90
2nd payment$0.00$887.27$0.00
Taxes / mo$247.17$247.17$247.17
Insurance / mo$150.00$150.00$150.00
MI / mo$212.82$212.82$78.48
HOA / mo$147.00$147.00$147.00
Total monthly$2,077.83$2,965.09$3,339.55
Cash to close$176,690$43,600$43,600