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$280,295$280,295$486,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$205,705$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.691%7.640%
1st payment$1,424.43$1,424.43$3,364.97
2nd payment$0.00$1,328.51$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$229.52$229.52$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,270.61$3,599.13$4,078.83
Cash to close$259,705$54,000$54,000