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$280,291$280,291$674,100
Remaining term (yrs)22.922.930.0
Secondary amount$0$393,809$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.432%7.640%
1st payment$1,514.18$1,514.18$4,667.33
2nd payment$0.00$2,543.35$0.00
Taxes / mo$624.17$624.17$624.17
Insurance / mo$216.67$216.67$216.67
MI / mo$227.88$227.88$134.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,582.90$5,126.25$5,642.99
Cash to close$468,709$74,900$74,900