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$235,834$235,834$449,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$214,165$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.654%7.640%
1st payment$1,101.14$1,101.14$3,115.70
2nd payment$0.00$1,383.15$0.00
Taxes / mo$125.00$125.00$125.00
Insurance / mo$166.67$166.67$166.67
MI / mo$187.39$187.39$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,580.19$2,963.34$3,497.37
Cash to close$264,165$50,000$50,000