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$246,230$246,230$522,000
Remaining term (yrs)20.220.230.0
Secondary amount$0$275,770$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.774%7.640%
1st payment$1,313.69$1,313.69$3,614.22
2nd payment$0.00$1,781.01$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$208.21$208.21$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,171.90$3,952.91$4,368.62
Cash to close$333,770$58,000$58,000