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$317,202$317,202$472,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$155,298$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.060%7.640%
1st payment$1,483.79$1,483.79$3,271.49
2nd payment$0.00$1,035.32$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$256.78$256.78$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,344.74$3,380.06$3,970.16
Cash to close$207,798$52,500$52,500