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$310,524$310,524$463,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$152,976$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.092%7.560%
1st payment$1,458.91$1,458.91$3,183.92
2nd payment$0.00$1,019.84$0.00
Taxes / mo$204.00$204.00$204.00
Insurance / mo$166.67$166.67$166.67
MI / mo$251.17$251.17$92.70
HOA / mo$75.00$75.00$75.00
Total monthly$2,155.75$3,175.59$3,722.29
Cash to close$204,476$51,500$51,500