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$319,803$319,803$414,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$94,197$0
Funding fee$0$0$0
Note rate2.870%2.870%7.240%
Blended rate3.720%4.921%7.480%
1st payment$1,526.68$1,526.68$2,821.40
2nd payment$0.00$706.48$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$260.81$260.81$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,337.49$3,043.97$3,454.20
Cash to close$140,197$46,000$46,000