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$317,749$317,749$485,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$167,351$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.242%7.640%
1st payment$1,531.93$1,531.93$3,358.73
2nd payment$0.00$1,115.67$0.00
Taxes / mo$335.33$335.33$335.33
Insurance / mo$166.67$166.67$166.67
MI / mo$259.36$259.36$97.02
HOA / mo$31.25$31.25$31.25
Total monthly$2,324.54$3,440.21$3,989.00
Cash to close$221,251$53,900$53,900