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$280,901$280,901$463,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$182,599$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.370%7.560%
1st payment$1,329.15$1,329.15$3,183.92
2nd payment$0.00$1,217.33$0.00
Taxes / mo$420.42$420.42$420.42
Insurance / mo$166.67$166.67$166.67
MI / mo$228.83$228.83$92.70
HOA / mo$286.00$286.00$286.00
Total monthly$2,431.07$3,648.40$4,149.71
Cash to close$234,099$51,500$51,500