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$278,497$278,497$521,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$242,603$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.607%7.640%
1st payment$1,332.35$1,332.35$3,607.99
2nd payment$0.00$1,566.81$0.00
Taxes / mo$685.33$685.33$685.33
Insurance / mo$166.67$166.67$166.67
MI / mo$227.03$227.03$104.22
HOA / mo$82.67$82.67$82.67
Total monthly$2,494.05$4,060.86$4,646.88
Cash to close$300,503$57,900$57,900