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$301,079$301,079$481,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$180,421$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%5.199%7.640%
1st payment$1,399.77$1,399.77$3,333.81
2nd payment$0.00$1,202.81$0.00
Taxes / mo$442.33$442.33$442.33
Insurance / mo$166.67$166.67$166.67
MI / mo$245.41$245.41$96.30
HOA / mo$33.33$33.33$33.33
Total monthly$2,287.51$3,490.31$4,072.44
Cash to close$233,921$53,500$53,500