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$184,747$184,747$741,600
Remaining term (yrs)11.811.830.0
Secondary amount$0$556,853$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%6.709%7.640%
1st payment$1,514.06$1,514.06$5,134.69
2nd payment$0.00$3,596.34$0.00
Taxes / mo$446.50$446.50$446.50
Insurance / mo$216.67$216.67$216.67
MI / mo$233.26$233.26$148.32
HOA / mo$0.00$0.00$0.00
Total monthly$2,410.49$6,006.83$5,946.18
Cash to close$639,253$82,400$82,400