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$284,708$284,708$472,410
Remaining term (yrs)24.024.030.0
Secondary amount$0$187,702$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.433%7.640%
1st payment$1,365.31$1,365.31$3,270.87
2nd payment$0.00$1,251.35$0.00
Taxes / mo$437.42$437.42$437.42
Insurance / mo$166.67$166.67$166.67
MI / mo$232.65$232.65$94.48
HOA / mo$346.00$346.00$346.00
Total monthly$2,548.04$3,799.38$4,315.44
Cash to close$240,192$52,490$52,490