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$314,412$314,412$467,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$153,498$0
Funding fee$0$0$0
Note rate2.650%2.650%7.320%
Blended rate3.500%4.976%7.560%
1st payment$1,455.04$1,455.04$3,214.22
2nd payment$0.00$1,023.32$0.00
Taxes / mo$770.83$770.83$770.83
Insurance / mo$166.67$166.67$166.67
MI / mo$255.77$255.77$93.58
HOA / mo$207.33$207.33$207.33
Total monthly$2,855.64$3,878.95$4,452.63
Cash to close$205,488$51,990$51,990