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$313,396$313,396$402,210
Remaining term (yrs)24.424.430.0
Secondary amount$0$88,814$0
Funding fee$0$0$0
Note rate2.740%2.740%7.320%
Blended rate3.590%4.785%7.560%
1st payment$1,461.19$1,461.19$2,762.90
2nd payment$0.00$666.10$0.00
Taxes / mo$631.58$631.58$631.58
Insurance / mo$150.00$150.00$150.00
MI / mo$253.86$253.86$80.44
HOA / mo$78.00$78.00$78.00
Total monthly$2,574.63$3,240.73$3,702.93
Cash to close$133,504$44,690$44,690