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$310,104$310,104$450,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$139,896$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%4.906%7.640%
1st payment$1,433.22$1,433.22$3,115.71
2nd payment$0.00$932.64$0.00
Taxes / mo$229.58$229.58$229.58
Insurance / mo$166.67$166.67$166.67
MI / mo$251.60$251.60$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,081.07$3,013.71$3,601.96
Cash to close$189,896$50,000$50,000