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$318,891$318,891$468,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$149,109$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.036%7.560%
1st payment$1,482.67$1,482.67$3,214.84
2nd payment$0.00$994.06$0.00
Taxes / mo$509.58$509.58$509.58
Insurance / mo$166.67$166.67$166.67
MI / mo$255.60$255.60$93.60
HOA / mo$86.00$86.00$86.00
Total monthly$2,500.52$3,494.58$4,070.69
Cash to close$201,109$52,000$52,000