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$223,484$223,484$445,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$222,016$0
Funding fee$0$0$0
Note rate2.310%2.310%7.400%
Blended rate3.160%5.447%7.640%
1st payment$998.67$998.67$3,084.55
2nd payment$0.00$1,433.86$0.00
Taxes / mo$247.83$247.83$247.83
Insurance / mo$166.67$166.67$166.67
MI / mo$183.59$183.59$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,596.76$3,030.62$3,588.15
Cash to close$271,516$49,500$49,500