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$317,241$317,241$467,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$149,859$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.086%7.640%
1st payment$1,558.01$1,558.01$3,234.11
2nd payment$0.00$999.06$0.00
Taxes / mo$432.50$432.50$432.50
Insurance / mo$166.67$166.67$166.67
MI / mo$260.81$260.81$93.42
HOA / mo$105.00$105.00$105.00
Total monthly$2,522.99$3,522.05$4,031.69
Cash to close$201,759$51,900$51,900