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$278,788$278,788$674,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$396,122$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%6.085%7.640%
1st payment$1,334.06$1,334.06$4,672.94
2nd payment$0.00$2,558.29$0.00
Taxes / mo$624.92$624.92$624.92
Insurance / mo$216.67$216.67$216.67
MI / mo$227.91$227.91$134.98
HOA / mo$85.00$85.00$85.00
Total monthly$2,488.55$5,046.84$5,734.51
Cash to close$471,112$74,990$74,990