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$311,683$311,683$575,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$264,227$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.536%7.640%
1st payment$1,464.35$1,464.35$3,987.48
2nd payment$0.00$1,706.47$0.00
Taxes / mo$179.00$179.00$179.00
Insurance / mo$166.67$166.67$166.67
MI / mo$252.11$252.11$115.18
HOA / mo$54.00$54.00$54.00
Total monthly$2,116.13$3,822.60$4,502.33
Cash to close$328,217$63,990$63,990