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$222,410$222,410$674,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$451,690$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%6.420%7.640%
1st payment$1,037.36$1,037.36$4,667.33
2nd payment$0.00$2,917.16$0.00
Taxes / mo$385.17$385.17$385.17
Insurance / mo$216.67$216.67$216.67
MI / mo$177.22$177.22$134.82
HOA / mo$300.00$300.00$300.00
Total monthly$2,116.41$5,033.57$5,703.99
Cash to close$526,590$74,900$74,900