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$283,574$283,574$526,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$242,926$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.596%7.640%
1st payment$1,354.89$1,354.89$3,645.38
2nd payment$0.00$1,568.90$0.00
Taxes / mo$259.50$259.50$259.50
Insurance / mo$166.67$166.67$166.67
MI / mo$230.57$230.57$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,011.63$3,580.53$4,176.85
Cash to close$301,426$58,500$58,500