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$316,392$316,392$495,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$178,608$0
Funding fee$0$0$0
Note rate2.375%2.375%7.320%
Blended rate3.225%4.948%7.560%
1st payment$1,420.49$1,420.49$3,400.31
2nd payment$0.00$1,190.72$0.00
Taxes / mo$509.25$509.25$509.25
Insurance / mo$166.67$166.67$166.67
MI / mo$258.89$258.89$99.00
HOA / mo$96.67$96.67$96.67
Total monthly$2,451.97$3,642.68$4,271.89
Cash to close$233,608$55,000$55,000