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$280,357$280,357$602,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$322,553$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%6.225%7.560%
1st payment$1,494.65$1,494.65$4,141.57
2nd payment$0.00$2,083.15$0.00
Taxes / mo$558.25$558.25$558.25
Insurance / mo$166.67$166.67$166.67
MI / mo$232.29$232.29$120.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,451.86$4,535.01$4,987.07
Cash to close$389,543$66,990$66,990