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$285,845$285,845$418,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$132,655$0
Funding fee$0$0$0
Note rate2.670%2.670%7.320%
Blended rate3.520%4.940%7.560%
1st payment$1,328.94$1,328.94$2,874.80
2nd payment$0.00$884.37$0.00
Taxes / mo$492.83$492.83$492.83
Insurance / mo$166.67$166.67$166.67
MI / mo$232.99$232.99$83.70
HOA / mo$2.92$2.92$2.92
Total monthly$2,224.35$3,108.72$3,620.92
Cash to close$179,155$46,500$46,500