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$280,324$280,324$381,510
Remaining term (yrs)23.723.730.0
Secondary amount$0$101,186$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.120%7.640%
1st payment$1,406.61$1,406.61$2,641.50
2nd payment$0.00$674.58$0.00
Taxes / mo$353.25$353.25$353.25
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$76.30
HOA / mo$410.00$410.00$410.00
Total monthly$2,549.38$3,223.95$3,631.05
Cash to close$143,576$42,390$42,390