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$318,449$318,449$504,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$185,551$0
Funding fee$0$0$0
Note rate2.680%2.680%7.320%
Blended rate3.530%5.176%7.560%
1st payment$1,478.57$1,478.57$3,462.13
2nd payment$0.00$1,237.00$0.00
Taxes / mo$492.25$492.25$492.25
Insurance / mo$166.67$166.67$166.67
MI / mo$258.89$258.89$100.80
HOA / mo$95.00$95.00$95.00
Total monthly$2,491.37$3,728.38$4,316.85
Cash to close$241,551$56,000$56,000