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$311,032$311,032$539,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$228,068$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%5.310%7.640%
1st payment$1,446.04$1,446.04$3,732.62
2nd payment$0.00$1,472.94$0.00
Taxes / mo$1,010.50$1,010.50$1,010.50
Insurance / mo$166.67$166.67$166.67
MI / mo$253.52$253.52$107.82
HOA / mo$57.00$57.00$57.00
Total monthly$2,933.73$4,406.67$5,074.61
Cash to close$287,968$59,900$59,900