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$224,169$224,169$432,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$207,831$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%5.586%7.640%
1st payment$1,029.43$1,029.43$2,991.08
2nd payment$0.00$1,342.24$0.00
Taxes / mo$492.92$492.92$492.92
Insurance / mo$166.67$166.67$166.67
MI / mo$179.08$179.08$86.40
HOA / mo$41.67$41.67$41.67
Total monthly$1,909.76$3,252.01$3,778.73
Cash to close$255,831$48,000$48,000