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$227,291$227,291$495,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$267,709$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.941%7.640%
1st payment$1,077.99$1,077.99$3,427.28
2nd payment$0.00$1,728.95$0.00
Taxes / mo$422.50$422.50$422.50
Insurance / mo$166.67$166.67$166.67
MI / mo$182.04$182.04$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,849.19$3,578.15$4,115.45
Cash to close$322,709$55,000$55,000