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$217,732$217,732$495,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$277,268$0
Funding fee$0$0$0
Note rate2.660%2.660%7.320%
Blended rate3.510%5.885%7.560%
1st payment$1,008.72$1,008.72$3,400.31
2nd payment$0.00$1,790.69$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$177.08$177.08$99.00
HOA / mo$617.00$617.00$617.00
Total monthly$2,427.81$4,218.50$4,741.31
Cash to close$332,268$55,000$55,000