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$278,219$278,219$616,410
Remaining term (yrs)22.422.430.0
Secondary amount$0$338,191$0
Funding fee$0$0$0
Note rate3.220%3.220%7.320%
Blended rate4.070%6.089%7.560%
1st payment$1,449.72$1,449.72$4,234.31
2nd payment$0.00$2,184.15$0.00
Taxes / mo$567.75$567.75$567.75
Insurance / mo$166.67$166.67$166.67
MI / mo$222.08$222.08$123.28
HOA / mo$75.00$75.00$75.00
Total monthly$2,481.22$4,665.37$5,167.01
Cash to close$406,681$68,490$68,490