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$254,327$254,327$467,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$213,583$0
Funding fee$0$0$0
Note rate2.860%2.860%7.320%
Blended rate3.710%5.554%7.560%
1st payment$1,215.71$1,215.71$3,214.22
2nd payment$0.00$1,379.39$0.00
Taxes / mo$361.92$361.92$361.92
Insurance / mo$166.67$166.67$166.67
MI / mo$207.96$207.96$93.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,952.24$3,331.63$3,836.38
Cash to close$265,573$51,990$51,990