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$316,866$316,866$405,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$88,134$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%4.838%7.640%
1st payment$1,506.16$1,506.16$2,804.14
2nd payment$0.00$661.01$0.00
Taxes / mo$471.83$471.83$471.83
Insurance / mo$150.00$150.00$150.00
MI / mo$258.64$258.64$81.00
HOA / mo$75.00$75.00$75.00
Total monthly$2,461.63$3,122.64$3,581.97
Cash to close$133,134$45,000$45,000