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$318,315$318,315$513,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$194,685$0
Funding fee$0$0$0
Note rate2.830%2.830%7.320%
Blended rate3.680%5.319%7.560%
1st payment$1,513.05$1,513.05$3,523.95
2nd payment$0.00$1,297.90$0.00
Taxes / mo$252.75$252.75$252.75
Insurance / mo$166.67$166.67$166.67
MI / mo$259.82$259.82$102.60
HOA / mo$664.00$664.00$664.00
Total monthly$2,856.29$4,154.19$4,709.97
Cash to close$251,685$57,000$57,000