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$280,573$280,573$409,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$128,927$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%5.575%7.640%
1st payment$1,490.87$1,490.87$2,835.30
2nd payment$0.00$859.51$0.00
Taxes / mo$418.08$418.08$418.08
Insurance / mo$166.67$166.67$166.67
MI / mo$231.99$231.99$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,307.61$3,167.12$3,501.95
Cash to close$174,427$45,500$45,500