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$288,413$288,413$553,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$265,087$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.614%7.560%
1st payment$1,337.87$1,337.87$3,802.16
2nd payment$0.00$1,712.02$0.00
Taxes / mo$512.50$512.50$512.50
Insurance / mo$166.67$166.67$166.67
MI / mo$230.63$230.63$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,247.67$3,959.70$4,592.03
Cash to close$326,587$61,500$61,500