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$240,344$240,344$512,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$271,756$0
Funding fee$0$0$0
Note rate2.660%2.660%7.320%
Blended rate3.510%5.760%7.560%
1st payment$1,100.28$1,100.28$3,517.77
2nd payment$0.00$1,755.09$0.00
Taxes / mo$375.08$375.08$375.08
Insurance / mo$166.67$166.67$166.67
MI / mo$193.16$193.16$102.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,835.18$3,590.28$4,161.94
Cash to close$328,656$56,900$56,900