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$280,338$280,338$522,000
Remaining term (yrs)21.621.630.0
Secondary amount$0$241,662$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.779%7.640%
1st payment$1,496.58$1,496.58$3,614.22
2nd payment$0.00$1,560.73$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$234.22$234.22$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,380.81$3,941.54$4,368.62
Cash to close$299,662$58,000$58,000