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$281,989$281,989$445,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$163,421$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.227%7.640%
1st payment$1,322.21$1,322.21$3,083.93
2nd payment$0.00$1,089.47$0.00
Taxes / mo$297.08$297.08$297.08
Insurance / mo$166.67$166.67$166.67
MI / mo$228.82$228.82$89.08
HOA / mo$0.00$0.00$0.00
Total monthly$2,014.78$3,104.25$3,636.76
Cash to close$212,911$49,490$49,490