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$279,075$279,075$630,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$350,925$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%5.898%7.640%
1st payment$1,307.71$1,307.71$4,361.99
2nd payment$0.00$2,266.39$0.00
Taxes / mo$728.83$728.83$728.83
Insurance / mo$166.67$166.67$166.67
MI / mo$227.78$227.78$126.00
HOA / mo$83.33$83.33$83.33
Total monthly$2,514.32$4,780.71$5,466.82
Cash to close$420,925$70,000$70,000