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$316,203$316,203$373,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$57,297$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%4.411%7.640%
1st payment$1,476.18$1,476.18$2,586.04
2nd payment$0.00$429.73$0.00
Taxes / mo$445.42$445.42$445.42
Insurance / mo$150.00$150.00$150.00
MI / mo$256.80$256.80$74.70
HOA / mo$124.00$124.00$124.00
Total monthly$2,452.39$2,882.12$3,380.16
Cash to close$98,797$41,500$41,500