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$247,360$247,360$764,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$517,550$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%6.437%7.640%
1st payment$1,147.29$1,147.29$5,296.08
2nd payment$0.00$3,342.51$0.00
Taxes / mo$325.83$325.83$325.83
Insurance / mo$216.67$216.67$216.67
MI / mo$196.76$196.76$152.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,886.54$5,229.05$5,991.56
Cash to close$602,540$84,990$84,990