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$252,203$252,203$611,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$359,707$0
Funding fee$0$0$0
Note rate2.200%2.200%7.400%
Blended rate3.050%5.813%7.640%
1st payment$1,110.45$1,110.45$4,236.74
2nd payment$0.00$2,323.11$0.00
Taxes / mo$345.00$345.00$345.00
Insurance / mo$166.67$166.67$166.67
MI / mo$207.16$207.16$122.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,829.28$4,152.39$4,870.79
Cash to close$427,697$67,990$67,990