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$318,315$318,315$562,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$244,185$0
Funding fee$0$0$0
Note rate2.830%2.830%7.320%
Blended rate3.680%5.447%7.560%
1st payment$1,513.05$1,513.05$3,863.98
2nd payment$0.00$1,577.03$0.00
Taxes / mo$252.75$252.75$252.75
Insurance / mo$166.67$166.67$166.67
MI / mo$259.82$259.82$112.50
HOA / mo$664.00$664.00$664.00
Total monthly$2,856.29$4,433.32$5,059.90
Cash to close$306,685$62,500$62,500