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$229,030$229,030$481,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$252,470$0
Funding fee$0$0$0
Note rate2.860%2.860%7.320%
Blended rate3.710%5.828%7.560%
1st payment$1,064.63$1,064.63$3,307.57
2nd payment$0.00$1,630.53$0.00
Taxes / mo$445.83$445.83$445.83
Insurance / mo$166.67$166.67$166.67
MI / mo$182.11$182.11$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,859.25$3,489.78$4,016.37
Cash to close$305,970$53,500$53,500