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$316,187$316,187$414,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$97,813$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.975%7.640%
1st payment$1,479.73$1,479.73$2,866.45
2nd payment$0.00$733.60$0.00
Taxes / mo$602.08$602.08$602.08
Insurance / mo$166.67$166.67$166.67
MI / mo$252.47$252.47$82.80
HOA / mo$36.67$36.67$36.67
Total monthly$2,537.62$3,271.22$3,754.67
Cash to close$143,813$46,000$46,000