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$216,193$216,193$1,071,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$854,807$0
Funding fee$0$0$0
Note rate2.780%2.780%7.400%
Blended rate3.630%6.918%7.640%
1st payment$1,024.58$1,024.58$7,415.39
2nd payment$0.00$5,520.63$0.00
Taxes / mo$788.33$788.33$788.33
Insurance / mo$216.67$216.67$216.67
MI / mo$177.08$177.08$214.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,206.66$7,727.29$8,634.59
Cash to close$973,807$119,000$119,000