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$220,787$220,787$719,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$498,313$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%6.623%7.640%
1st payment$1,110.45$1,110.45$4,978.90
2nd payment$0.00$3,218.27$0.00
Taxes / mo$275.08$275.08$275.08
Insurance / mo$216.67$216.67$216.67
MI / mo$181.19$181.19$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,783.39$5,001.66$5,614.47
Cash to close$578,213$79,900$79,900