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$214,144$214,144$449,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$235,766$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.770%7.640%
1st payment$1,000.81$1,000.81$3,115.09
2nd payment$0.00$1,522.65$0.00
Taxes / mo$99.83$99.83$99.83
Insurance / mo$166.67$166.67$166.67
MI / mo$173.88$173.88$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,441.19$2,963.84$3,471.57
Cash to close$285,756$49,990$49,990