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$285,372$285,372$413,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$128,538$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%4.946%7.640%
1st payment$1,337.21$1,337.21$2,865.83
2nd payment$0.00$856.92$0.00
Taxes / mo$309.17$309.17$309.17
Insurance / mo$166.67$166.67$166.67
MI / mo$232.92$232.92$82.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,045.97$2,902.89$3,424.44
Cash to close$174,528$45,990$45,990