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$263,219$263,219$418,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$155,281$0
Funding fee$0$0$0
Note rate3.210%3.210%7.400%
Blended rate4.060%5.522%7.640%
1st payment$1,318.03$1,318.03$2,897.61
2nd payment$0.00$1,035.21$0.00
Taxes / mo$250.75$250.75$250.75
Insurance / mo$166.67$166.67$166.67
MI / mo$215.61$215.61$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,951.05$2,986.26$3,398.73
Cash to close$201,781$46,500$46,500