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$279,140$279,140$468,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$188,860$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.405%7.640%
1st payment$1,294.86$1,294.86$3,240.34
2nd payment$0.00$1,259.07$0.00
Taxes / mo$722.17$722.17$722.17
Insurance / mo$166.67$166.67$166.67
MI / mo$223.22$223.22$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,406.91$3,665.98$4,222.77
Cash to close$240,860$52,000$52,000