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$319,457$319,457$540,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$220,543$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%5.419%7.560%
1st payment$1,515.10$1,515.10$3,709.43
2nd payment$0.00$1,424.34$0.00
Taxes / mo$214.42$214.42$214.42
Insurance / mo$166.67$166.67$166.67
MI / mo$255.86$255.86$108.00
HOA / mo$52.67$52.67$52.67
Total monthly$2,204.71$3,629.06$4,251.18
Cash to close$280,543$60,000$60,000