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$324,526$324,526$530,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$205,574$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%5.283%7.560%
1st payment$1,517.08$1,517.08$3,641.42
2nd payment$0.00$1,327.67$0.00
Taxes / mo$490.83$490.83$490.83
Insurance / mo$166.67$166.67$166.67
MI / mo$259.17$259.17$106.02
HOA / mo$430.00$430.00$430.00
Total monthly$2,863.76$4,191.43$4,834.94
Cash to close$264,474$58,900$58,900