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$315,048$315,048$521,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$206,862$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.221%7.640%
1st payment$1,471.11$1,471.11$3,613.60
2nd payment$0.00$1,335.99$0.00
Taxes / mo$551.75$551.75$551.75
Insurance / mo$166.67$166.67$166.67
MI / mo$256.58$256.58$104.38
HOA / mo$33.33$33.33$33.33
Total monthly$2,479.43$3,815.42$4,469.73
Cash to close$264,852$57,990$57,990