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$280,154$280,154$431,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$151,756$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.392%7.640%
1st payment$1,387.89$1,387.89$2,990.46
2nd payment$0.00$1,011.71$0.00
Taxes / mo$162.92$162.92$162.92
Insurance / mo$166.67$166.67$166.67
MI / mo$229.35$229.35$86.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,946.82$2,958.53$3,406.42
Cash to close$199,746$47,990$47,990