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$260,005$260,005$400,410
Remaining term (yrs)22.922.930.0
Secondary amount$0$140,405$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%5.792%7.560%
1st payment$1,407.38$1,407.38$2,750.54
2nd payment$0.00$936.03$0.00
Taxes / mo$269.25$269.25$269.25
Insurance / mo$150.00$150.00$150.00
MI / mo$215.26$215.26$80.08
HOA / mo$71.00$71.00$71.00
Total monthly$2,112.88$3,048.92$3,320.87
Cash to close$184,895$44,490$44,490