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$238,751$238,751$465,750
Remaining term (yrs)24.424.430.0
Secondary amount$0$226,999$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.653%7.640%
1st payment$1,121.70$1,121.70$3,224.76
2nd payment$0.00$1,466.03$0.00
Taxes / mo$431.25$431.25$431.25
Insurance / mo$166.67$166.67$166.67
MI / mo$193.12$193.12$93.15
HOA / mo$0.00$0.00$0.00
Total monthly$1,912.74$3,378.77$3,915.83
Cash to close$278,749$51,750$51,750