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$241,050$241,050$454,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$213,450$0
Funding fee$0$0$0
Note rate2.270%2.270%7.320%
Blended rate3.120%5.294%7.560%
1st payment$1,250.49$1,250.49$3,122.10
2nd payment$0.00$1,378.53$0.00
Taxes / mo$420.83$420.83$420.83
Insurance / mo$166.67$166.67$166.67
MI / mo$202.64$202.64$90.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,040.63$3,419.16$3,800.50
Cash to close$263,950$50,500$50,500