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$221,193$221,193$413,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$191,907$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.676%7.560%
1st payment$1,049.14$1,049.14$2,837.71
2nd payment$0.00$1,279.38$0.00
Taxes / mo$382.50$382.50$382.50
Insurance / mo$166.67$166.67$166.67
MI / mo$180.63$180.63$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,778.93$3,058.31$3,469.50
Cash to close$237,807$45,900$45,900