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$261,405$261,405$306,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$44,595$0
Funding fee$0$0$0
Note rate3.560%3.560%7.320%
Blended rate4.410%5.079%7.560%
1st payment$1,301.08$1,301.08$2,102.01
2nd payment$0.00$334.46$0.00
Taxes / mo$175.00$175.00$175.00
Insurance / mo$150.00$150.00$150.00
MI / mo$203.71$203.71$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,829.79$2,164.25$2,488.21
Cash to close$78,595$34,000$34,000