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$315,731$315,731$432,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$116,269$0
Funding fee$0$0$0
Note rate2.650%2.650%7.400%
Blended rate3.500%4.711%7.640%
1st payment$1,461.14$1,461.14$2,991.08
2nd payment$0.00$775.13$0.00
Taxes / mo$151.58$151.58$151.58
Insurance / mo$166.67$166.67$166.67
MI / mo$256.84$256.84$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,036.23$2,811.36$3,395.73
Cash to close$164,269$48,000$48,000