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$317,646$317,646$400,410
Remaining term (yrs)24.024.030.0
Secondary amount$0$82,764$0
Funding fee$0$0$0
Note rate2.890%2.890%7.320%
Blended rate3.740%4.827%7.560%
1st payment$1,523.26$1,523.26$2,750.54
2nd payment$0.00$620.73$0.00
Taxes / mo$552.25$552.25$552.25
Insurance / mo$150.00$150.00$150.00
MI / mo$259.56$259.56$80.08
HOA / mo$109.00$109.00$109.00
Total monthly$2,594.07$3,214.80$3,641.87
Cash to close$127,254$44,490$44,490