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$311,963$311,963$404,550
Remaining term (yrs)24.924.930.0
Secondary amount$0$92,587$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.921%7.640%
1st payment$1,453.43$1,453.43$2,801.02
2nd payment$0.00$694.41$0.00
Taxes / mo$70,334.50$70,334.50$70,334.50
Insurance / mo$150.00$150.00$150.00
MI / mo$248.62$248.62$80.91
HOA / mo$0.00$0.00$0.00
Total monthly$72,186.55$72,880.96$73,366.43
Cash to close$137,537$44,950$44,950