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$314,156$314,156$490,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$176,344$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.278%7.640%
1st payment$1,511.74$1,511.74$3,396.12
2nd payment$0.00$1,175.63$0.00
Taxes / mo$163.00$163.00$163.00
Insurance / mo$166.67$166.67$166.67
MI / mo$257.27$257.27$98.10
HOA / mo$27.00$27.00$27.00
Total monthly$2,125.68$3,301.30$3,850.89
Cash to close$230,844$54,500$54,500