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$247,647$247,647$472,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$224,853$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%5.559%7.640%
1st payment$1,157.64$1,157.64$3,271.49
2nd payment$0.00$1,452.18$0.00
Taxes / mo$265.50$265.50$265.50
Insurance / mo$166.67$166.67$166.67
MI / mo$201.64$201.64$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,791.45$3,243.63$3,798.16
Cash to close$277,353$52,500$52,500