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$249,081$249,081$504,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$254,919$0
Funding fee$0$0$0
Note rate2.790%2.790%7.320%
Blended rate3.640%5.719%7.560%
1st payment$1,167.69$1,167.69$3,462.13
2nd payment$0.00$1,646.35$0.00
Taxes / mo$466.67$466.67$466.67
Insurance / mo$166.67$166.67$166.67
MI / mo$201.56$201.56$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,002.58$3,648.93$4,196.26
Cash to close$310,919$56,000$56,000