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$254,653$254,653$477,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$222,347$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.566%7.640%
1st payment$1,207.84$1,207.84$3,302.65
2nd payment$0.00$1,435.99$0.00
Taxes / mo$398.00$398.00$398.00
Insurance / mo$166.67$166.67$166.67
MI / mo$207.95$207.95$95.40
HOA / mo$47.67$47.67$47.67
Total monthly$2,028.13$3,464.12$4,010.39
Cash to close$275,347$53,000$53,000