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$331,722$331,722$450,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$118,278$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%4.889%7.640%
1st payment$1,564.55$1,564.55$3,115.71
2nd payment$0.00$788.52$0.00
Taxes / mo$187.58$187.58$187.58
Insurance / mo$166.67$166.67$166.67
MI / mo$265.23$265.23$90.00
HOA / mo$41.42$41.42$41.42
Total monthly$2,225.45$3,013.97$3,601.38
Cash to close$168,278$50,000$50,000