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$282,113$282,113$544,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$262,387$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.963%7.640%
1st payment$1,387.43$1,387.43$3,770.01
2nd payment$0.00$1,694.58$0.00
Taxes / mo$71.67$71.67$71.67
Insurance / mo$166.67$166.67$166.67
MI / mo$220.22$220.22$108.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,845.98$3,540.57$4,117.24
Cash to close$322,887$60,500$60,500