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$312,780$312,780$435,600
Remaining term (yrs)24.124.130.0
Secondary amount$0$122,820$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.905%7.640%
1st payment$1,488.34$1,488.34$3,016.01
2nd payment$0.00$818.80$0.00
Taxes / mo$252.08$252.08$252.08
Insurance / mo$166.67$166.67$166.67
MI / mo$255.25$255.25$87.12
HOA / mo$0.00$0.00$0.00
Total monthly$2,162.34$2,981.14$3,521.88
Cash to close$171,220$48,400$48,400