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$281,272$281,272$414,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$132,728$0
Funding fee$0$0$0
Note rate3.625%3.625%7.320%
Blended rate4.475%5.605%7.560%
1st payment$1,432.93$1,432.93$2,843.89
2nd payment$0.00$884.85$0.00
Taxes / mo$622.75$622.75$622.75
Insurance / mo$166.67$166.67$166.67
MI / mo$222.56$222.56$82.80
HOA / mo$5.83$5.83$5.83
Total monthly$2,450.74$3,335.59$3,721.94
Cash to close$178,728$46,000$46,000