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$280,198$280,198$337,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$57,302$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%4.450%7.640%
1st payment$1,309.04$1,309.04$2,336.78
2nd payment$0.00$429.76$0.00
Taxes / mo$458.50$458.50$458.50
Insurance / mo$150.00$150.00$150.00
MI / mo$229.50$229.50$67.50
HOA / mo$75.00$75.00$75.00
Total monthly$2,222.05$2,651.81$3,087.78
Cash to close$94,802$37,500$37,500