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$315,065$315,065$427,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$112,435$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%4.794%7.640%
1st payment$1,492.77$1,492.77$2,959.92
2nd payment$0.00$749.56$0.00
Taxes / mo$284.58$284.58$284.58
Insurance / mo$166.67$166.67$166.67
MI / mo$257.34$257.34$85.50
HOA / mo$65.00$65.00$65.00
Total monthly$2,266.36$3,015.92$3,561.67
Cash to close$159,935$47,500$47,500