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$310,829$310,829$494,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$183,271$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%5.182%7.640%
1st payment$1,445.10$1,445.10$3,421.05
2nd payment$0.00$1,221.80$0.00
Taxes / mo$267.50$267.50$267.50
Insurance / mo$166.67$166.67$166.67
MI / mo$253.36$253.36$98.82
HOA / mo$75.00$75.00$75.00
Total monthly$2,207.62$3,429.43$4,029.04
Cash to close$238,171$54,900$54,900