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$2,793$2,793$224,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$222,117$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%7.701%7.560%
1st payment$13.23$13.23$1,544.98
2nd payment$0.00$1,434.51$0.00
Taxes / mo$166.42$166.42$166.42
Insurance / mo$150.00$150.00$150.00
MI / mo$2.23$2.23$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$331.87$1,766.38$1,906.37
Cash to close$247,107$24,990$24,990