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$297,082$297,082$625,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$328,418$0
Funding fee$0$0$0
Note rate2.710%2.710%7.320%
Blended rate3.560%5.760%7.560%
1st payment$1,387.22$1,387.22$4,296.75
2nd payment$0.00$2,121.03$0.00
Taxes / mo$502.75$502.75$502.75
Insurance / mo$166.67$166.67$166.67
MI / mo$241.95$241.95$125.10
HOA / mo$115.00$115.00$115.00
Total monthly$2,413.58$4,534.62$5,206.27
Cash to close$397,918$69,500$69,500