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$322,621$322,621$449,999
Remaining term (yrs)25.125.130.0
Secondary amount$0$127,378$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.939%7.640%
1st payment$1,499.64$1,499.64$3,115.70
2nd payment$0.00$849.19$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$255.86$255.86$90.00
HOA / mo$467.00$467.00$467.00
Total monthly$2,805.83$3,655.02$4,256.04
Cash to close$177,378$50,000$50,000