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$327,366$327,366$476,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$148,734$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.105%7.640%
1st payment$1,582.04$1,582.04$3,296.42
2nd payment$0.00$991.56$0.00
Taxes / mo$440.83$440.83$440.83
Insurance / mo$166.67$166.67$166.67
MI / mo$267.85$267.85$95.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,457.39$3,448.95$3,999.14
Cash to close$201,634$52,900$52,900