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$221,770$221,770$427,410
Remaining term (yrs)24.324.330.0
Secondary amount$0$205,640$0
Funding fee$0$0$0
Note rate2.670%2.670%7.320%
Blended rate3.520%5.555%7.560%
1st payment$1,031.05$1,031.05$2,936.01
2nd payment$0.00$1,328.09$0.00
Taxes / mo$454.92$454.92$454.92
Insurance / mo$166.67$166.67$166.67
MI / mo$180.77$180.77$85.48
HOA / mo$411.00$411.00$411.00
Total monthly$2,244.39$3,572.49$4,054.08
Cash to close$253,130$47,490$47,490