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$238,037$238,037$598,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$360,373$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%6.107%7.640%
1st payment$1,116.12$1,116.12$4,143.27
2nd payment$0.00$2,327.41$0.00
Taxes / mo$216.22$216.22$216.22
Insurance / mo$166.67$166.67$166.67
MI / mo$193.16$193.16$119.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,692.17$4,019.57$4,645.84
Cash to close$426,863$66,490$66,490