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$221,707$221,707$508,410
Remaining term (yrs)24.324.330.0
Secondary amount$0$286,703$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.966%7.560%
1st payment$1,046.57$1,046.57$3,492.42
2nd payment$0.00$1,851.62$0.00
Taxes / mo$470.75$470.75$470.75
Insurance / mo$166.67$166.67$166.67
MI / mo$180.18$180.18$101.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,864.16$3,715.79$4,231.52
Cash to close$343,193$56,490$56,490