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$289,945$289,945$521,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$231,155$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.502%7.640%
1st payment$1,385.96$1,385.96$3,607.99
2nd payment$0.00$1,492.87$0.00
Taxes / mo$482.50$482.50$482.50
Insurance / mo$166.67$166.67$166.67
MI / mo$237.08$237.08$104.22
HOA / mo$275.00$275.00$275.00
Total monthly$2,547.21$4,040.08$4,636.38
Cash to close$289,055$57,900$57,900