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$225,028$225,028$495,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$269,972$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%5.854%7.640%
1st payment$1,050.53$1,050.53$3,427.28
2nd payment$0.00$1,743.57$0.00
Taxes / mo$306.75$306.75$306.75
Insurance / mo$166.67$166.67$166.67
MI / mo$182.75$182.75$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,706.70$3,450.27$3,999.70
Cash to close$324,972$55,000$55,000