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$317,387$317,387$422,550
Remaining term (yrs)24.724.730.0
Secondary amount$0$105,163$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%4.875%7.560%
1st payment$1,510.23$1,510.23$2,902.63
2nd payment$0.00$701.09$0.00
Taxes / mo$391.25$391.25$391.25
Insurance / mo$166.67$166.67$166.67
MI / mo$254.06$254.06$84.51
HOA / mo$0.00$0.00$0.00
Total monthly$2,322.20$3,023.28$3,545.05
Cash to close$152,113$46,950$46,950