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$249,916$249,916$449,100
Remaining term (yrs)22.122.130.0
Secondary amount$0$199,184$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.585%7.560%
1st payment$1,259.98$1,259.98$3,085.01
2nd payment$0.00$1,327.90$0.00
Taxes / mo$506.50$506.50$506.50
Insurance / mo$166.67$166.67$166.67
MI / mo$207.44$207.44$89.82
HOA / mo$37.50$37.50$37.50
Total monthly$2,178.09$3,505.98$3,885.49
Cash to close$249,084$49,900$49,900