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$331,789$331,789$575,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$243,311$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.390%7.640%
1st payment$1,573.71$1,573.71$3,981.88
2nd payment$0.00$1,571.38$0.00
Taxes / mo$532.50$532.50$532.50
Insurance / mo$166.67$166.67$166.67
MI / mo$270.94$270.94$115.02
HOA / mo$735.00$735.00$735.00
Total monthly$3,278.81$4,850.19$5,531.06
Cash to close$307,211$63,900$63,900