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$281,006$281,006$515,700
Remaining term (yrs)21.021.030.0
Secondary amount$0$234,694$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.554%7.640%
1st payment$1,477.46$1,477.46$3,570.60
2nd payment$0.00$1,515.73$0.00
Taxes / mo$477.50$477.50$477.50
Insurance / mo$166.67$166.67$166.67
MI / mo$235.78$235.78$103.14
HOA / mo$331.00$331.00$331.00
Total monthly$2,688.40$4,204.13$4,648.91
Cash to close$291,994$57,300$57,300