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$282,385$282,385$433,796
Remaining term (yrs)24.724.730.0
Secondary amount$0$151,411$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.292%7.640%
1st payment$1,343.67$1,343.67$3,003.51
2nd payment$0.00$1,009.41$0.00
Taxes / mo$466.00$466.00$466.00
Insurance / mo$166.67$166.67$166.67
MI / mo$226.04$226.04$86.76
HOA / mo$46.00$46.00$46.00
Total monthly$2,248.38$3,257.78$3,768.94
Cash to close$199,610$48,200$48,200