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$316,410$316,410$360,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$43,590$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.438%7.640%
1st payment$1,497.26$1,497.26$2,492.57
2nd payment$0.00$326.92$0.00
Taxes / mo$231.50$231.50$231.50
Insurance / mo$150.00$150.00$150.00
MI / mo$252.84$252.84$72.00
HOA / mo$290.00$290.00$290.00
Total monthly$2,421.60$2,748.52$3,236.07
Cash to close$83,590$40,000$40,000