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$222,410$222,410$692,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$469,690$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%6.455%7.640%
1st payment$1,037.36$1,037.36$4,791.96
2nd payment$0.00$3,033.41$0.00
Taxes / mo$385.17$385.17$385.17
Insurance / mo$216.67$216.67$216.67
MI / mo$177.22$177.22$138.42
HOA / mo$300.00$300.00$300.00
Total monthly$2,116.41$5,149.82$5,832.21
Cash to close$546,590$76,900$76,900