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$317,202$317,202$491,220
Remaining term (yrs)24.424.430.0
Secondary amount$0$174,018$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.172%7.640%
1st payment$1,483.79$1,483.79$3,401.11
2nd payment$0.00$1,160.12$0.00
Taxes / mo$454.83$454.83$454.83
Insurance / mo$166.67$166.67$166.67
MI / mo$256.78$256.78$98.24
HOA / mo$0.00$0.00$0.00
Total monthly$2,362.07$3,522.20$4,120.85
Cash to close$228,598$54,580$54,580