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$316,003$316,003$409,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$93,497$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%4.825%7.640%
1st payment$1,476.85$1,476.85$2,835.30
2nd payment$0.00$701.23$0.00
Taxes / mo$132.51$132.51$132.51
Insurance / mo$166.67$166.67$166.67
MI / mo$256.58$256.58$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,032.61$2,733.84$3,216.37
Cash to close$138,997$45,500$45,500