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$221,660$221,660$265,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$43,750$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.507%7.640%
1st payment$1,024.81$1,024.81$1,837.65
2nd payment$0.00$328.12$0.00
Taxes / mo$412.08$412.08$412.08
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$53.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,764.25$2,092.37$2,452.81
Cash to close$73,240$29,490$29,490