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$232,521$232,521$539,999
Remaining term (yrs)24.524.530.0
Secondary amount$0$307,478$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.989%7.560%
1st payment$1,089.87$1,089.87$3,709.42
2nd payment$0.00$1,985.80$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$187.64$187.64$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,944.18$3,929.97$4,484.08
Cash to close$367,478$60,000$60,000