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$279,706$279,706$508,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$228,794$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.599%7.640%
1st payment$1,358.93$1,358.93$3,520.75
2nd payment$0.00$1,477.63$0.00
Taxes / mo$470.83$470.83$470.83
Insurance / mo$166.67$166.67$166.67
MI / mo$228.60$228.60$101.70
HOA / mo$88.00$88.00$88.00
Total monthly$2,313.03$3,790.66$4,347.95
Cash to close$285,294$56,500$56,500