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$284,978$284,978$400,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$115,522$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%4.819%7.640%
1st payment$1,323.16$1,323.16$2,772.98
2nd payment$0.00$770.15$0.00
Taxes / mo$236.83$236.83$236.83
Insurance / mo$150.00$150.00$150.00
MI / mo$231.68$231.68$80.10
HOA / mo$360.00$360.00$360.00
Total monthly$2,301.67$3,071.82$3,599.91
Cash to close$160,022$44,500$44,500