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$314,316$314,316$414,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$99,684$0
Funding fee$0$0$0
Note rate2.780%2.780%7.240%
Blended rate3.630%4.923%7.480%
1st payment$1,454.81$1,454.81$2,821.40
2nd payment$0.00$747.63$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$251.44$251.44$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,256.25$3,003.88$3,454.20
Cash to close$145,684$46,000$46,000