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$309,890$309,890$477,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$167,110$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%5.128%7.640%
1st payment$1,443.26$1,443.26$3,302.65
2nd payment$0.00$1,114.06$0.00
Taxes / mo$473.83$473.83$473.83
Insurance / mo$166.67$166.67$166.67
MI / mo$251.07$251.07$95.40
HOA / mo$93.67$93.67$93.67
Total monthly$2,428.50$3,542.57$4,132.22
Cash to close$220,110$53,000$53,000