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$283,009$283,009$427,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$144,491$0
Funding fee$0$0$0
Note rate2.680%2.680%7.320%
Blended rate3.530%5.041%7.560%
1st payment$1,317.19$1,317.19$2,936.63
2nd payment$0.00$963.27$0.00
Taxes / mo$415.00$415.00$415.00
Insurance / mo$166.67$166.67$166.67
MI / mo$230.63$230.63$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,129.49$3,092.76$3,603.80
Cash to close$191,991$47,500$47,500