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$246,484$246,484$520,920
Remaining term (yrs)23.923.930.0
Secondary amount$0$274,436$0
Funding fee$0$0$0
Note rate2.910%2.910%7.400%
Blended rate3.760%5.862%7.640%
1st payment$1,187.37$1,187.37$3,606.74
2nd payment$0.00$1,772.40$0.00
Taxes / mo$373.00$373.00$373.00
Insurance / mo$166.67$166.67$166.67
MI / mo$201.80$201.80$104.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,928.84$3,701.24$4,250.60
Cash to close$332,316$57,880$57,880