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$258,871$258,871$409,410
Remaining term (yrs)22.922.930.0
Secondary amount$0$150,539$0
Funding fee$0$0$0
Note rate3.600%3.600%7.240%
Blended rate4.450%5.755%7.480%
1st payment$1,377.35$1,377.35$2,790.12
2nd payment$0.00$1,003.59$0.00
Taxes / mo$315.08$315.08$315.08
Insurance / mo$166.67$166.67$166.67
MI / mo$214.59$214.59$81.88
HOA / mo$56.58$56.58$56.58
Total monthly$2,130.27$3,133.87$3,410.33
Cash to close$196,029$45,490$45,490