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$255,513$255,513$440,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$184,587$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.480%7.640%
1st payment$1,211.92$1,211.92$3,047.16
2nd payment$0.00$1,230.58$0.00
Taxes / mo$660.08$660.08$660.08
Insurance / mo$166.67$166.67$166.67
MI / mo$208.65$208.65$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,247.32$3,477.90$3,961.93
Cash to close$233,487$48,900$48,900