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$327,322$327,322$386,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$59,588$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.533%7.640%
1st payment$1,526.68$1,526.68$2,678.89
2nd payment$0.00$446.91$0.00
Taxes / mo$193.08$193.08$193.08
Insurance / mo$150.00$150.00$150.00
MI / mo$260.81$260.81$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,130.58$2,577.49$3,099.35
Cash to close$102,578$42,990$42,990