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$304,648$304,648$481,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$176,852$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.292%7.640%
1st payment$1,454.33$1,454.33$3,333.81
2nd payment$0.00$1,179.01$0.00
Taxes / mo$445.83$445.83$445.83
Insurance / mo$166.67$166.67$166.67
MI / mo$248.45$248.45$96.30
HOA / mo$365.00$365.00$365.00
Total monthly$2,680.28$3,859.30$4,407.61
Cash to close$230,352$53,500$53,500