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$280,152$280,152$468,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$187,848$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%5.354%7.640%
1st payment$1,304.76$1,304.76$3,240.34
2nd payment$0.00$1,252.32$0.00
Taxes / mo$220.00$220.00$220.00
Insurance / mo$166.67$166.67$166.67
MI / mo$226.98$226.98$93.60
HOA / mo$28.00$28.00$28.00
Total monthly$1,946.40$3,198.72$3,748.60
Cash to close$239,848$52,000$52,000