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$331,711$331,711$449,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$117,389$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.765%7.640%
1st payment$1,555.35$1,555.35$3,109.48
2nd payment$0.00$782.59$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$269.17$269.17$89.82
HOA / mo$627.00$627.00$627.00
Total monthly$3,034.01$3,816.61$4,408.80
Cash to close$167,289$49,900$49,900