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$225,905$225,905$665,910
Remaining term (yrs)9.09.030.0
Secondary amount$0$440,005$0
Funding fee$0$0$0
Note rate2.390%2.390%7.400%
Blended rate3.240%6.220%7.640%
1st payment$2,288.89$2,288.89$4,610.63
2nd payment$0.00$2,841.70$0.00
Taxes / mo$204.58$204.58$204.58
Insurance / mo$216.67$216.67$216.67
MI / mo$245.05$245.05$133.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,955.18$5,796.89$5,165.06
Cash to close$513,995$73,990$73,990