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$315,507$315,507$484,200
Remaining term (yrs)24.424.430.0
Secondary amount$0$168,693$0
Funding fee$0$0$0
Note rate2.500%2.500%7.320%
Blended rate3.350%4.970%7.560%
1st payment$1,432.70$1,432.70$3,326.12
2nd payment$0.00$1,124.62$0.00
Taxes / mo$548.58$548.58$548.58
Insurance / mo$166.67$166.67$166.67
MI / mo$256.84$256.84$96.84
HOA / mo$280.00$280.00$280.00
Total monthly$2,684.79$3,809.41$4,418.21
Cash to close$222,493$53,800$53,800