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$287,647$287,647$499,410
Remaining term (yrs)23.723.730.0
Secondary amount$0$211,763$0
Funding fee$0$0$0
Note rate3.280%3.280%7.400%
Blended rate4.130%5.665%7.640%
1st payment$1,450.89$1,450.89$3,457.81
2nd payment$0.00$1,367.64$0.00
Taxes / mo$462.42$462.42$462.42
Insurance / mo$166.67$166.67$166.67
MI / mo$235.25$235.25$99.88
HOA / mo$65.00$65.00$65.00
Total monthly$2,380.22$3,747.86$4,251.78
Cash to close$267,253$55,490$55,490