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$314,287$314,287$431,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$116,813$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.887%7.640%
1st payment$1,467.50$1,467.50$2,984.85
2nd payment$0.00$778.76$0.00
Taxes / mo$345.92$345.92$345.92
Insurance / mo$166.67$166.67$166.67
MI / mo$250.38$250.38$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,230.47$3,009.22$3,583.65
Cash to close$164,713$47,900$47,900