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$311,194$311,194$467,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$156,716$0
Funding fee$0$0$0
Note rate2.860%2.860%7.320%
Blended rate3.710%5.147%7.560%
1st payment$1,487.53$1,487.53$3,214.22
2nd payment$0.00$1,044.78$0.00
Taxes / mo$422.25$422.25$422.25
Insurance / mo$166.67$166.67$166.67
MI / mo$254.45$254.45$93.58
HOA / mo$16.33$16.33$16.33
Total monthly$2,347.23$3,392.01$3,913.05
Cash to close$208,706$51,990$51,990