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$248,453$248,453$432,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$183,547$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.446%7.640%
1st payment$1,160.15$1,160.15$2,991.08
2nd payment$0.00$1,223.65$0.00
Taxes / mo$338.00$338.00$338.00
Insurance / mo$166.67$166.67$166.67
MI / mo$202.34$202.34$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,867.16$3,090.80$3,582.15
Cash to close$231,547$48,000$48,000