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$254,178$254,178$481,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$227,322$0
Funding fee$0$0$0
Note rate2.180%2.180%7.400%
Blended rate3.030%5.258%7.640%
1st payment$1,307.63$1,307.63$3,333.81
2nd payment$0.00$1,468.12$0.00
Taxes / mo$445.83$445.83$445.83
Insurance / mo$166.67$166.67$166.67
MI / mo$214.07$214.07$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,134.20$3,602.32$4,042.61
Cash to close$280,822$53,500$53,500