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$282,185$282,185$449,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$166,915$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.273%7.560%
1st payment$1,322.66$1,322.66$3,085.01
2nd payment$0.00$1,112.77$0.00
Taxes / mo$585.27$585.27$585.27
Insurance / mo$166.67$166.67$166.67
MI / mo$227.72$227.72$89.82
HOA / mo$103.00$103.00$103.00
Total monthly$2,405.31$3,518.08$4,029.76
Cash to close$216,815$49,900$49,900