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$297,366$297,366$1,115,999
Remaining term (yrs)24.524.530.0
Secondary amount$0$818,633$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%6.660%7.640%
1st payment$1,393.81$1,393.81$7,726.95
2nd payment$0.00$5,287.01$0.00
Taxes / mo$260.08$260.08$260.08
Insurance / mo$216.67$216.67$216.67
MI / mo$239.97$239.97$223.20
HOA / mo$50.00$50.00$50.00
Total monthly$2,160.53$7,447.53$8,476.90
Cash to close$942,633$124,000$124,000